With effect from 01/04/10, Renewable Energy relief is available to a ratepayer who uses a property solely for the generation of renewable heat or power (or both) from the sources indicated on the application form.
The renewable energy relief will be applied before any other calculation of relief and the amount of relief awarded must not breach State Aid de minimis limits i.e. 200,000 Euros, approximately £175,000, over a rolling 3 year period.
A reduction of the rates payable will be applied as specified in the table below:
|Rateable Value||% of Rates Relief|
|£145,000 or less||100%|
|More than £145,000 but not exceeding £430,000||50%|
|More than £430,000 but not exceeding £860,000||25%|
|More than £860,000 but not exceeding £4,000,000||10%|
|More than £4,000,000||2.5%|