Carbon Credits: The financial benefits of retrofitting for contractors

With growing concerns about climate change and stricter regulations on carbon emissions, the construction industry is facing pressure to reduce its environmental impact. This presents a unique opportunity for contractors to not only contribute to sustainability efforts but also unlock a new revenue stream through carbon credits. One effective way to achieve this is by retrofitting residential properties with energy-efficient improvements. In this blog, we’ll explore how contractors can benefit from carbon credits through retrofitting, and how RetroCarbon can simplify the process.

Carbon Credits – what are they?

Carbon Credits, also known as Carbon offsets, represents the reduction or removal of one tonne of carbon dioxide. It works by putting a price on carbon emissions, allowing companies to offset their emissions by purchasing carbon credits. By putting a price on carbon, this system incentivises businesses and individuals to invest in eco-friendly projects and technologies.

How contractors can take advantage Carbon Credits through retrofitting

Contractors have a unique advantage when it comes to carbon credits. By performing energy efficiency upgrades and installing renewable energy technologies in residential properties, they directly contribute to carbon emission reductions. Retrofitting services like upgrading insulation, installing heat pumps, or fitting solar panels not only enhance the energy performance of a home but also create measurable carbon savings.

Emissions removed from residential properties can now be packaged up and sold through our RetroCarbon service. This means that contractors can earn a new revenue stream alongside playing a key role in tackling climate change. 

How RetroCarbon can help you

RetroCarbon is a service designed to help contractors easily monetise the carbon savings generated from home energy efficiency improvements and renewable energy installations. Through RetroCarbon, contractors can earn up to £44* annually for each tonne of carbon saved, with payments continuing until 2042. Here’s how RetroCarbon supports contractors throughout the process….

1. Streamlined Registration: RetroCarbon’s automated registration service makes it quick and easy to submit properties. Contractors simply provide the necessary information, and the RetroCarbon team handles the rest, including compliance with the VERRA scheme and other regulatory requirements.
2. Expert Support: The RetroCarbon team manages all aspects of submission and verification, ensuring that the process is hassle-free. Contractors can focus on their work, while RetroCarbon takes care of the complex details involved in trading carbon credits.
3. Ongoing Earnings: With annual payments for each tonne of carbon saved, RetroCarbon enables contractors to secure a steady revenue stream over the long term. This means contractors can earn income from their retrofitting projects long after the initial work is completed.

The benefits of RetroCarbon for contractors 

• Hassle-free submissions:

By using our online carbon emissions registration service, it only takes a few minutes to submit your claim (which could be worth several £1000’s a property!).  

• High Quality Carbon Credits:

Retrogreen verifies carbon has been removed from the property and ensures the proceeds are being used for social good. This allows for a higher market value to be obtained for the carbon credits, rather than credits available through less regulated markets or credits that are not eligible for social good value.

• Improving the environment and your income

Offsetting carbon emissions through retrofitting and earning additional income is a win-win for both the environment and your pockets. With the nation pushing towards a Net Zero future, contractors can capitalise on this movement through their carbon reduction efforts. 

•  Bonus incentive scheme

Once contractors are registered to the scheme, they are able to refer a new customer to Retrogreen who are not already registered with the company at the time of the referral. This allows contractors to receive 5% of the revenue for the sale of their emission rights for a period of 12 months from the date the new customer registers with Retrogreen. 

Conclusion

The push for Net Zero has opened up opportunities for contractors to take part in the fight against climate change while generating new revenue streams. By embracing retrofitting and using services like RetroCarbon, contractors can capitalise on the carbon credit market, monetising their work in energy efficiency and renewable energy installations.

With RetroCarbon, contractors not only contribute to a greener future but also enhance their business’s financial sustainability. Now is the time to seize the opportunity and make your mark on the journey toward a low-carbon economy.

* This price of carbon fluctuates over time. The price of a credit may increase or decrease according to market demand.