Clean energy Cash Back Scheme
In the PBR it says Households can also play a part in generating low-carbon energy by installing smallscale
renewable electricity generation on site. Feed-in tariffs, worth on average £900 in 2010
for households, will provide a financial incentive to install renewable technologies, allowing
homes to generate around half of their own electricity.
renewable electricity generation on site. Feed-in tariffs, worth on average £900 in 2010
for households, will provide a financial incentive to install renewable technologies, allowing
homes to generate around half of their own electricity.
The Pre-Budget Report confirms that
households who use renewable technology to generate electricity mainly for their own use
will not be subject to income tax on feed-in tariffs. This will save households paying the
basic rate of tax £180 in 2010. If necessary, legislation to ensure this treatment will be
introduced with effect from 1 April 2010.
7.38 The Government wants all households to play a part in generating renewable energy.
Although feed-in tariffs and the Renewable Heat Incentive will make payments over the
life of installations, low-income households may still find it difficult to meet upfront costs.
Building on the experience of pilot projects for Pay as You Save financing and Warm Front,
the Government will consult next year on measures to help low-income households take
advantage of clean energy cash-back.
--
Stuart
households who use renewable technology to generate electricity mainly for their own use
will not be subject to income tax on feed-in tariffs. This will save households paying the
basic rate of tax £180 in 2010. If necessary, legislation to ensure this treatment will be
introduced with effect from 1 April 2010.
7.38 The Government wants all households to play a part in generating renewable energy.
Although feed-in tariffs and the Renewable Heat Incentive will make payments over the
life of installations, low-income households may still find it difficult to meet upfront costs.
Building on the experience of pilot projects for Pay as You Save financing and Warm Front,
the Government will consult next year on measures to help low-income households take
advantage of clean energy cash-back.
--
Stuart
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