At Last – Domestic RHI Figures finally announced
After two years of moved launch dates and a vague payment structure the Domestic RHI has finally been announced. Biomass and heat pumps are aimed at off gas areas which equates to around 4 million homes, solar thermal is for everyone. off gas map here.
The rates look to be fairly attractive and have been set at;
- 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.
Anything installed now will be eligible for payments once it launches.
We’ve done some quick calcs…
- 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.
In order to access the RHI, customers will also need to have a Green Deal Advice Report and insulate to the levels advised.
The RHI launches in the spring. Now is the time to get involved ready for the market to take off, don’t leave it until it is established and play catch up.
Foamseal can arrange quotations for all the measures to be installed and for the ancillary insulation works which may have to be done in order to qualify for the RHI.
Foamseal are Green Deal and ECO approved so ECO grants (not repayable) may be available to fully fund wall and roof insulation and Green Deal loans may be able to ensure no upfront costs for the work.