Renewable Heat Incentive: Installation and Payments
The Renewable Heat Incentive payments, like that of any other government scheme, has its conditions which needs to be adhered to in order to be eligible for payments. Depending on the heating system you install, EPC and current energy tariffs; the average annual payment can decrease or significantly increase to over double the average RHI pay-out of £1200.
Installation Costs and Renewable Heat Incentive (RHI) Payments
Looking at the available renewable heating technologies OPC has available, which qualifies under the Domestic Renewable Heat Incentive (RHI), the below table displays information of averaged installation costs and annual RHI payments.
HEATING SYSTEM | INSTALLATION COSTS | ANNUAL RHI PAYMENT |
AIR SOURCE HEAT PUMP | £8000 – £11 000 | +/- £1300 |
GROUND SOURCE HEAT PUMP | £16 000 – £26 000 | +/- £2600 |
SOLAR THERMAL | £3 500 – £ 5 500 | +/- £400 |
*Figures above are based on your average home within the UK.
In other words, from the figures displayed in the above table, we are able to conclude that depending on the initial investment in type of heating system installed, this will reflect the heating systems performance as well as RHI payment amount.
Click here to access the renewable heat calculator.
Benefits of Renewable Energy Heating Systems
The advantages of using renewable energy to heat our homes are endless, and with an amazing financial incentive on offer, and available to apply for until the 31st of March 2022, we now have all the reason to upgrade our Cornish homes heating systems.
In addition, the benefits of Renewable Energy Heating Systems include but are not limited to the following:
- Renewable heating systems can reduce your carbon footprint immensely.
- Saves you up to £600 per year on your energy bills.
- Improves your homes energy efficiency rate between A++ and A+++.
- Energy supply is inexhaustible and free, regardless of time of day, weather conditions and season.
- Produce four times more energy than they use.
- Installation is flexible in application and can be modified accordingly.
- Long life span with minimal maintenance
- Most systems are space saving.
- Able to over exceed hot water and heating requirements.
- No harmful gases, odours or risk of combustion.
Choosing the Right Heating System for Your Home
At Bumblebee Energy we understand that each home and budget is different, so when it comes to choosing the right renewable heating system for your home, leave it to Bumblebee Energy. Bumblebee Energy is the renewable energy experts and is committed to finding the best solution for your homes heating and hot water requirements. In addition, we are able to tailor all design, specification and installation aspects accordingly, so that you and your home can see optimal performance.
For more technical information on our range of renewable technologies click here.
Conclusion
Therefore, whether it be air source, ground source or solar thermal, each heating system has its own unique benefits as well as its own relevant RHI payment amount. The target of net-zero carbon emission is in clear sight, and renewable energy is the future. Therefore, upgrading our Cornish homes heating systems is inevitable, whether it be done in order to receive financial incentive or not. With the Domestic RHI payments and additional savings on energy bills, we see homeowners make back a large amount -if not all- of their initial installation costs, consequently making the decision to upgrade to renewable energy to heat their homes easy and well worth it.
Upgrading your homes heating system is a lot less daunting than imagined. Bumblebee Energy is here to assist you every step of the way. From more information contact us.