Domestic RHI Published

At Last – Domestic RHI Figures finally announced

After two years of moved launch dates by the government and a vague payment structure the Domestic RHI (Renewable Heat Incentive) 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 scheme will open for applicants in Spring 2014, but installations since July 15th 2009 are eligible to join.

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.

Nexus have done some quick calcs…

  • Air source heat pump should net around £700 – £900 pa
  • a 15kW Biomass should net around £2400 pa
  • Ground source Heat pump £2800 pa
  • Solar Thermal £300      pa

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 per year.

To qualify, the installation must be accredited by the Microgeneration Certification Scheme (MCS), ensuring a minimum quality for equipment and installation company.

So pick up the phone and call Nexus on 01926 886611 for a free quote to complete your install

 

1 Trackback to Domestic RHI Published

  1. By on September 20, 2014 at 07:57

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