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Grants & Funding for wind turbines



In April 2010 the Government introduced a 'feed-in tariff' (or FIT) which pays you for the electricity you produce - even if you use it!! This dramatically reduces the payback period for wind turbines.
With the FIT you will be paid 26.7p per unit you generate, in addition to the money you save not buying the electricity, typically around 12p per unit, and the money you get by selling surplus electricity to the grid.
So, assuming you use half of what you generate and export half, each unit of electricity your Skystream generates is worth on average 34.2p. This income is tax free so depending on your tax band this is worth either 42.75p per unit for lower rate taxpayers, or 57p per unit for higher rate taxpayers.
This means your Skystream wind turbine will generate a gross income of £855 to £1140 on a site that is generating 2,000 units per year, or £1,710 to £2,280 on a site generating 4,000 units per year (depending on your tax bracket).
The are also local grants for businesses, public sector and households to install wind turbines. These schemes vary depending on where you are in the UK; we will help you to access the various grants available for your wind turbine installation, including completing and submitting applications on your behalf where possible. You can make sure you have the grant funding in place before committing to buying a wind turbine.
If you would like further information on wind turbine grants and funding please call us on 01981 241 668 or email enquiries@nextgenerationturbines.com
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