Operators in the service industries are being encouraged to take advantage of the Householders’ Right to Renewable Energy initiative and earn from selling their excess power to the national grid.William Hinds, Chief Energy Conservation and Renewable Energy Officer in the Ministry of Energy, said instead of putting the money on the bank or “under the mattress”, it made sense to invest in a renewable energy system and earn from it over time. Under the arrangement, homeowners could install renewable energy systems up to 10 kilowatt (kW) on their properties without a licence and benefit from selling excess energy to the grid.He explained that the earnings from this investment after around 20 to 25 year’s time could be used to fund education or other expenses.Hinds said if it was a case of not having enough money upfront to invest in the systems, individuals were able to take out a loan, pay back that loan and still earn a handsome income.
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Small and medium sized business owners will have the opportunity to gain big savings on energy with the Energy Smart Fund.
The second phase of the project, which was first launched in 2011, is now open to micro, small and medium en