The agricultural sector is well suited to renewable energy technologies and with the government’s Renewable Heat Incentive (RHI) and Feed-in Tariff (FIT) schemes in place to assist commercial concerns, there is no better time for farmers and landowners to invest in a renewable energy system.
Under the RHI scheme some renewable energy technologies (ie biomass & ground source Heat pumps ) qualify for a grant towards the cost of installation. There is also an ongoing financial incentive for eligible renewable energy technologies with RHI payments accruing from the date of accreditation and guaranteed for lifetime of the system up to a maximum of 20 years.
Farmers who decide to invest in solar PV could benefit from FITs. Under the scheme up to 13p p/kWh is payable to property or landowners who generate their own electricity and there is the potential to earn money from any unused energy produced 19p KWH. Agricultural land is ideal for solar PV as panels can be placed on outbuildings or mounted at ground level in fields.
Another sound investment for farmers and landowners is low energy lighting which can help to improve productivity, reduce overheads and create a better working environment for staff and livestock.
With so much choice available, backed by financial support from government schemes, farmers are ideally placed to reduce their carbon footprint and benefit financially from renewable energy technology.