Sceptre International Group News – Scotland launches home renewable energy loan scheme

Energy Minister Jim Mather aims to boost renewable heat market after UK government said it will delay domestic phase of the Renewable Heat Incentive to 2012

The Scottish government is launching a £500,000 interest-free loan scheme to boost the number of households installing green heat and electricity technologies amid concerns that a delay to the domestic phase of the Renewable Heat Incentive (RHI) will limit market growth.

Energy Minister Jim Mather announced on Friday that people living in Scotland will be able to apply for loans worth up to £2,000 from April 1 to help install a range of renewable energy technologies such as heat pumps, solar panels, micro-wind turbines or biomass boilers.

The loan scheme will be funded by an underspend in the Scottish energy budget for 2010/11 that resulted from fewer people than expected taking advantage of a previous renewables grant scheme as a result of delays to the UK government’s Renewable Heat Incentive (RHI). The RHI was originally expected to be introduced in April this year, but it was subsequently delayed to June and then July.

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