As part of a global initiative to reduce our carbon footprint, the UK government is investing billions in schemes to encourage consumers and businesses to use renewable energy sources instead of relying on coal and oil for energy. Energy. What this means for everyone in Britain is that they can save money and energy by taking advantage of the government’s generous tax breaks, interest-free loans and payments for alternative energy investments.

The Enhanced Capital Allowance (ECA) scheme provides a 100% tax rebate on any investment in energy saving equipment. In addition to the ECA incentive scheme, the Carbon Trust provides loans for energy efficiency and has increased the size of its available loans from £100,000 to £200,000 per loan in recent months.

The climate change tax is an energy incentive for companies. Electricity generated from renewable energy sources is not subject to tax, while a tax is always applied to energy from electricity, coal and gas sources.

Energy performance certificates (EPCs) cost owners a small amount of money up front and are required, but highly efficient buildings are more likely to find interested buyers and tenants than buildings that use a lot of electricity.

The British government has also promised motorists £5,000 if they switch to electric cars to encourage greener living. The government believes this will make electric cars affordable for buyers and speed up the switch from gasoline and diesel cars to electric cars. The first affordable electric car models should hit the market within two years.

The UK budget also offers businesses £1.4bn in incentives to encourage investment in green energy. Chancellor of the Exchequer Alistair Darling has committed to the UK target of reducing gas emissions by 34% in ten years. The UK is also the first country to agree on a green energy plan for the next 40 years. The incentive will be used to encourage companies to invest in renewable energy, such as wind power and low-carbon manufacturing, and is also intended as a job creation project.

The British government is doing everything it can to encourage change in the area of ​​greener living. What is worrying is that most businesses and individuals are unaware of the new policies and incentive schemes despite the fact that many UK citizens have expressed a desire to reduce their energy bills. In addition to government incentives, environmental NGOs are offering their own incentives to invest in renewable energy technologies. Visit the Energy Saving Trust website for advice and assistance on energy saving grants and technology.