Renewable Heat Incentive Changes – All You Need To Know
January 25, 2017
Demand for renewables is growing. Between 2004 and 2014, production by renewables in the UK increased by 231%*. In support of this, the government is making changes to the Renewable Heat Incentive (RHI) scheme to encourage more installers and homeowners to think green.
We’ve been chatting to our renewables expert and Category Manager John Irvine to tell you everything you need to know about changes to the RHI scheme.
What is it?
The RHI is a government scheme which aims to encourage homeowners and businesses to use renewable technology, as the government makes payments to those using renewable sources for the amount of energy they create.
The RHI rate paid for new air source heat pump installations is increasing by 33% to reach 10.2p/kWh from spring this year. Anyone who has applied for the scheme from December 14th 2016 onwards will qualify for the new rate.
What does this mean?
Thanks to this change, anyone buying an air source heat pump and who is using a Microgeneration Certification Scheme registered installer will be 33% better off each year. This increase will allow homeowners to make the money back on the installation faster.
Mr Irvine said: “These changes are a step in the right direction for the renewables market. It is encouraging that the government can see the benefits that air source heart pumps bring to homeowners and the need for them to focus on efficient, sustainable heating solutions.
“When installed along with a solar PV system, which is also eligible for a separate rate of RHI, an air source heat pump can provide an excellent return on investment along with raising the comfort levels of the home and providing a sustainable method of heating the home and hot water.”
Ask in branch about air source heat pumps or visit our website.