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Renewable Heat Incentive | Grosvenor

Renewable Heat Incentive

In an effort to encourage investors to take up renewable energy technologies, there have been incentives available to support proposed projects. Those familiar with solar photovoltaic panels will recognise the Feed in Tariff which in its earlier days paid a very high rate to those willing to invest. As the technology became more popular, so the incentives have been lowered.

With regards Heat pumps, a single payment has been available known as the Renewable Heat Premium Payment which paid a one off fee. However, things are changing and in the Autumn 2013 it is expected that the long awaited launch of the Renewable Heat Incentive (RHI) will begin. The scheme proposes to pay a price per unit of heat your home is calculated to need for both its spatial heating and that required to supply the hot water. The scheme will pay out for a period of 7 years.
Combining the cost savings made due to the heat pumps inherent efficiency together with the RHI payment offers investors a very attractive return on their capital investment!

The latest update for RHI can be obtained from the Energy Saving Trust website:

http://www.energysavingtrust.org.uk/Generating-energy/Getting-money-back/Renewable-Heat-Incentive-RHI

Ring us now for an initial consultation to see if you and your property can benefit from a heat pump installation.

For a free of charge consultation and quotation please call us on 01273 833006

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