Renewable Heat Incentive (RHI)
After two years of moved launch dates and a vague payment structure the Domestic RHI has finally been announced. Biomass and heat pumps are aimed at off gas areas which equates to around 4 million homes, solar thermal is for everyone.
The rates look to be fairly attractive and have been set at;
- 7.3p/kWh for air source heat pumps;
- 12.2p/kWh for biomass boilers;
- 18.8p/kWh for ground source heat pumps
- 19.2 p/kWh for solar thermal.
The tariffs will be paid for 7 years and will be index linked to RPI as before. 7 years may not seem as good as FIT’s but although the period is shorter the ROI will be much higher.
Anything installed now will be eligible for payments once it launches. RHPP payments will be deducted to avoid any double payments.
We’ve done some quick calculations and estimate that the following will be applicable:
- Air Source Heat Pump should net around £700.00 – £900.00 per annum
- a 15kW Biomass should net around £2,400.00 per annum
- Ground Source Heat Pump £2,800.00 per annum
- Solar Thermal £300.00 per annum
The above figures only take into account RHI payments, not fuel savings. For someone using Oil or LPG for heating their savings could run to many thousands of pounds per year.
In order to access the RHI, customers will also need to have a Green Deal Advice Report and insulate to the levels advised.
The RHI launches in spring 2014. Now is the time to get involved ready for the market to take off, don’t leave it until it is established and play catch up.
We also offer Green Deal Assessments so that the process flows from start to finish.
For a free survey and a no obligation quotation please call us on 01531 – 828 782 or email us at email@example.com
GSM Limited provide advice and guidance on all energy products such as Solar Panels, Air Source Heat Pumps and Ground Source Heat Pumps across Gloucestershire, Herefordshire and Worcestershire, and the surrounding areas that include, Worcester, Droitwich, Tewkesbury, Cheltenham, Stroud, Dursley, Stonehouse ,The Forest of Dean, Cirencester, Newent, Hereford, Ross-on-Wye and Ledbury.