Rural property owners 'will benefit from heating materials boost in CSR'
Heating materials incentives announced in the Comprehensive Spending Review (CSR) are good news for rural home owners, according to one expert.
Oliver Routledge of Knight Frank's Renewables and Energy department said the government's commitment to such schemes will boost energy efficiency and could attract investors to the sector.
He remarked: 'Eligible schemes will receive a payment for every unit of heat they produce using renewable sources [making] it commercially viable for many property owners to invest in the expensive technology required.'
This could see households and estates purchasing large biomass boilers that use waste wood and ground-source heat pump installations, Mr Routledge added.
Many people were concerned green and sustainable building ventures could be cut in the CSR, he explained, but news that this is not the case will come as a relief.
Announced by chancellor George Osborne, the review set out a number of renewable energy ideas, including the Green Deal, which will see homeowners refurbish their properties with environmentally-friendly technology for no upfront cost.
Posted by Ashley Brunskill
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