Next April, the new Renewable Heat Incentive begins. As currently proposed, it will expand twelvefold during the decade the amount of heat generated from renewable sources.
The Renewable Heat Incentive (RHI) scheme will guarantee payments for up to 23 years for those who install technologies such as solar thermal, ground or air source heat pumps, biomass boilers or bio-methane or bio-diesel projects.
It is envisaged that you will earn a fixed income for every kilowatt hour (kWh) of heat you produce. Solar thermal is expected to receive the following tariff:
Up to a 45 kW system will attract an RHI of 18 pence per kWh for 20 years*
45 kW to 500 kW will attract an RHI of 17 pence per kWh for 20 years*
*TBC out for consultation
The sums involved are huge. According to the published cost benefit analysis, the cumulative gross resource costs of all these payments may reach £26.7 billion. Officials are quoting publicly an even higher figure of £36 billion.
It is hoped that the scheme will help deliver 17 million tonnes of carbon dioxide savings by 2020, though two million of these are already accounted for by the European Emissions Trading Scheme. Around 85 per cent of the 73 terawatt hours of savings anticipated will be from non-residential buildings. Conversely, of the 1.87 million installations, some 1.72 million – or one in 14 – households will participate; just 144,000 installations will be made in the commercial and public sectors.
So, one in 14 households – predominantly those with spare cash to invest – will get a 12 per cent tax free return on investment. While the remaining 13 out of 14 will just see their fuel bills rise that much more.
URBAN ENERGY
Our mission: “To provide and install, sustainable, world class, clean energy products with the highest level of service and care."
Urban Energy is an innovative organisation specialising in the financing, design and installation of economic and environmentally sound solar powered energy systems for commercial property (private and public) and domestic dwellings. Our expertise in the field of Government sponsored funding programmes and solar power products will provide individuals and organisations with an excellent opportunity to overcome capital cost barriers, save money on energy bills, increase profit margins, increase the value of their property and reduce their carbon footprint.
Urban Energy employ the very best engineers in this field, all of which are fully qualified, MCS certified and Government approved to carry out this task, complying with strict guidelines and are members of the Solar Trade Association.
For further information about Urban Energy products and services:
Call: 0800 232 1624
Email: info@urbanenergy.org.uk
Website: http://www.urbanenergy.org.uk/
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