Incentive scheme to boost green energy
Businesses in Northern Ireland hoping to reduce their carbon footprint will soon be able to take advantage of financial incentives to subsidise renewable energy generators.
Energy minister Arlene Foster has said the Renewable Heat Incentive (RHI) initiative will launch as soon as this autumn to help with the cost of biomass boilers, heat pumps and solar panels.
The scheme will provide incentive payments over the lifetime of the technology designed to bridge the gap between the costs of renewable heating technologies and fossil fuels.
"The RHI will provide businesses, community groups, schools, churches and other organisations with long term financial support when switching to renewable heating," she said.
The RHI is part of DETI's plan to increase levels of renewable heating in Northern Ireland to 4% by 2015 and 10% by 2020.
It will be launched once legislation has been passed by the Assembly, scheduled for Autumn 2012.
DETI said installations commissioned from 1 September 2010 will be eligible to apply for support.