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UK feed-in tariff is announced: payback begins April 1

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The UK feed-in tariff rates have now been finalized, offering its residents a financial incentive for producing renewable energy. The government has confirmed the proposed rate, which will begin to take effect from April 1, 2010. Energy and Climate Change Secretary Ed Miliband announced the FiT levels and also published a blueprint for a similar scheme to be introduced in April 2011, which will offer incentives for low carbon heating technologies. "The guarantee of getting an income on top of saving on energy bills will be an incentive to householders and communities wanting to make the move to low carbon living. "The feed-in tariff will change the way householders and communities think about their future energy needs, making the payback for investment far shorter than in the past. "It will also change the outlook for a range of industries, in particular those in the business of producing and installing small scale low carbon technology," said Miliband. From 1 April...