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Renewable Heat Incentive to Boost Solar Installations in the UK

  • December 2014
  • 7 pages
  • GlobalData
Report ID: 2584207

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Renewable Heat Incentive to Boost Solar Installations in the UK

Summary

The Renewable Heat Incentive (RHI), which was initially launched in November 2011 for industrial, business and public-sector organizations, is now open to homeowners, private landlords, social landlords, and self-builders. The scheme pays participants to use renewable energy to heat their homes and is expected to boost revenue in the household solar panel installation market while at the same time reducing carbon emissions. Households adopting renewable energy technologies will receive payment per unit of energy according to technology type. Domestic RHI is estimated to generate about £13 billion ($22.2 billion) of investment in new, low-carbon heating systems between 2014 and 2020.

Scope

- This report covers impact of the Renewable Heat Incentive (RHI) on the UK solar power market.
- It also includes the hurdles faced by the policy and its effects on the country's carbon emissions.

Reasons to buy

- The impact of the RHI on the UK's solar power industry.
- Role of the RHI in meeting the UK's carbon emission targets.

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