Landlords may wish to consider installing renewable energy devices in properties after the chancellor cited potential rewards of £900 a year in his pre-budget report.

Alistair Darling announced that property owners who have installed home wind turbines or solar panels which are plugged in to the national grid will receive an average of £900 per year.

The payment will be made tax free and property owners will not be capped on the income received, he added.

Rob Lewis, renewable energy strategy manager at the Energy Saving Trust, thinks that more people will be encouraged to invest in renewable energy for their properties as a result.

It does not say a lot more than the trust already knew, but "it was good to get clarification", he said.

Research published by Lloyds TSB Insurance on September 30th suggests more British property owners are willing to carry out work on houses if the result will be a financial gain.

Serious structural work was carried out on 1.04 million UK homes in the last year without professional help.

One in ten of those who did so said they wanted to boost their home's value during the tough property climate, the insurers noted.

Written by Mark GarnerADNFCR-2002-ID-19508210-ADNFCR

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