With energy prices continuing to rise we are all aware how expensive it can be to run traditional heating systems.
But there are other options. Biomass, heat pumps and solar thermal energy are now viable alternatives, offering reduced fuel costs whilst helping the environment.
The Renewable Heat Premium Payment, administered by the Energy Saving Trust, is now available to help towards the cost of a new system, providing up to £1250, depending on the technology you choose. And that’s not all. From October 2012 the government’s Renewable Heat Incentive scheme (RHI) will also be open to domestic installations commissioned after 15th July 2009. Take a look at our example below to see how the RHI could benefit you.
Example: A modern 5 bedroom home with 2 bathrooms installing a biomass wood pellet boiler to replace an oil equivalent.
Based on the proposed tariff rates your financial returns will be as follows:
|Peak Hours||x 1314|
|Tier 1 Ratex||x 7.9p|
|Annual RHI payment||£4152.24|
(Further usage will result in a payment of 2p per kWh of heat generated)
|Total RHI payment over 20 years||£83,044.80|
|Boiler Installation cost (approx)||£30,000|
We are able to provide experienced guidance on the best renewable heating solution to suit your needs and offer a full installation and maintenance package. We will advise you on how to run your new system in order to maximize the benefits and, as MCS approved installers, we can enable you to access the RHI scheme.
There has never been a better opportunity to lower heating costs and take part in the move towards a cleaner, greener future.
* NB Prices may vary with geographical location and order quantities etc. Pence per kilowatt hour (kWh) is the amount of potential energy in the fuel, and not the energy delivered from an appliance which is dependent on the efficiency of the heating application.Source: Forestry Commission’s Biomass Energy Centre.