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Government must invest in green houses, says expert
05/11/10
Edited by Bob Witham.The government needs to take a "long-sighted" approach to investing in schemes that support green home improvements, according to one expert.
Daniel Green, chief executive of solar power specialist HomeSun, said the more the coalition can do to encourage people to enhance energy efficiency, the more households will save on their bills.
"Everybody will feel the benefits all round," he commented.
Mr. Green said the fact the government had retained Feed-in Tariffs (FIT) in the comprehensive spending review illustrates that ministers are keen to encourage greener residential property.
"This is a classic example of an investment by the government which has developed long-term industry leadership and a long-term industry for this country," the expert added.
Under the FITs scheme, households receive guaranteed monthly payments for installing some types of renewable energy systems. They can also receive bonus cash for selling excess power back to the grid.
In August, HomeSun launched a deal whereby it would install solar panels on a home for free - eliminating upfront costs of between £10,000 and £15,000 - in return for collecting the FIT payments.
