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Cash Crop For Sustainable Properties

Calum Innes highlights the potential rewards for purchasers and owners of sustainable homes under a new government scheme and outlines the potential return for property owners at a new build development in Angus.

We are currently selling new properties at the exclusive Kingennie Fields development near Broughty Ferry, Angus, which are likely to generate a healthy income for purchasers when the new Renewable Heat Incentive (RHI) scheme is implemented next year.  

The properties at Kingennie Fields which have been awarded a BREEAM very good' rating for residential development, which takes a holistic assessment of how a building is procured and built and how it will perform in terms of energy efficiency.

The Department of Energy & Climate Change is aiming to introduce the RHI scheme in April 2011 which will allow owners of properties incorporating renewable energy, to qualify for a substantial return on their investment. The Government's proposals for the scheme have recently been published for public comment and consultation and as presently drafted they offer an annual payment to householders which will vary depending upon the size and type of renewable technology employed.

The houses at Kingennie Fields incorporate ground source heat pumps, which harness latent solar energy contained in the earth to provide a truly sustainable and extremely cost effective heating solution, which can reduce heating bills by up to 50 per cent.

Calum Innes from our Perth office said: "When the new scheme comes into effect, we calculate that based upon the tariffs currently proposed and the energy performance of the properties, new property owners at Kingennie Fields may be eligible for payments from the Government amounting to approximately 41,000 over a 23 year period. This is a huge endorsement of the developer's foresight and illustrates the real benefits to be derived from taking a truly sustainable approach to building houses today which are future proofed for tomorrow."

If you are interested in one of these properties then contact our Perth office.