It was revealed at the recent ecobuild exhibition the Domestic RHI is very close. When a seminar panel containing a DECC spokesperson came under fire it was stated the Domestic RHI will be launched by Easter and could even be as early as the end of March. I am sure you would agree this is very welcoming news providing a much needed boost to the Renewables Industry. *The rates look to be fairly attractive and have been set at the following: • 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. Heres some quick calculations weve done based on the proposed figures • 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. * based on previously published proposed figures
Posted on: Wed, 12 Mar 2014 12:43:55 +0000
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