The Low Carbon transition plan announced by the government states that by 2020 almost half of the electricity used in the UK will be from low carbon sources, 30% from renewable sources such as wind, water and solar power and the remainder from Nuclear and Clean coal. The aim from the government is to try to eliminate all carbon emission by 2050.
Currently in the UK only 2.5% of electricity comes from renewable sources. There are proposals for 4000 new onshore wind turbines and 3000 offshore.
The government will be investing £11.2million into regional and local authorities to help speed up planning decisions on renewable and low carbon energy applications.
A new feed in tariff is also being planned. The key points of this being:
* 36.5p per kWh for small Solar photovoltaic systems up to 4kW and 28p per kWh for systems up to 10kW
* 23.0p per kWh for small wind turbines between 1.5kW and 15kW
* it will replace the current ROC system which pays 10p per kWh
* Effective as of 1st April 2010, although all systems commissioned from now on will qualify
* Systems installed from now until April 2010 will be eligible for both LCBP grants and the new tariff.
A 3kW home solar photovoltaic system that is generating 2,300kWh per year should earn roughly £1000 per year. This is £600 more than it would previously earn therefore reducing payback times.
The Evance Iskra R9000 wind turbine should earn £2,000 – £3,000 per year. This is an increase of £1,000 per year.
The Gaia-Wind 133-11kW turbine can earn £6,000 – £9,000 per year if it is installed on a moderately windy site. This is an increase of £3,000. This will reduce the payback period to below 5 years.
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