What is the Renewable Heat Incentive and How Can You Benefit?
The UK government is trying to come up with various ways of curbing carbon emissions, and one of these ways is by introducing the renewable heat incentive popularly known as RHI. The UK government has come up with guidelines and rules that need to be adhered to for anyone to benefit from RHI incentive. The rules require you to use renewable heating equipment such as solar thermals or heat pumps in your premises. In return, you are paid quarterly payments for seven years.
The amount you end up accruing once you adhere to every rule depends on how much renewable heat is being generated from the equipment. This is then tallied by the current energy rate, and you get your money. The method seems to be working fine, and so far, many people have started benefiting from the renewable heat incentive project. Some of the renewable energy systems that qualify for RHI include:
• Air source heat pumps
• Ground source heat pumps
• Solar thermal
Can you benefit from Renewable Heat Incentive?
Many people are benefiting from HRI; those who had their air source heating installation made a couple of years ago have already received a couple of payments. By installing these renewable energy systems, you and adhering to the rules, it is only a matter of months before you start earning cash. You need to make sure that you pay attention to the current rates as well as the renewable systems you are using. This is because for you to earn, the number of kilowatts your home has produced is put against the rate per kilowatt for you, the government to determine how much you should be paid.
You thus need a great air source heat pump installer for you to get your heat pump fitted perfectly. This step will go a long way in ensuring the system works appropriately throughout.
Is the Renewable Heat Incentive worth it?
Yes, the RHI is worth it and very convenient, especially if your home is not within the gas grid. This is because if that is the case, you tend to use too much money to heat your home and by turning to renewable energy, you will end up saving cost and earning more incentive at the same time. It is also a worth it step to take if your home is connected to the gas grid. You must, however, make sure that your renewable heating is suitable for you before you go ahead and get yourself an air source heat pump installer. Once you have done all that, you can then have a look at the available RHI costs and savings calculations to know how much to expect.
If at all you want to apply for RHI, you need to ensure that you apply within 12 months after your first renewable energy has been commissioned. You should also make sure that you meet all the requirements before you go ahead and initiate the whole process. There have been several RHI changes that have been made since the project was initialized, so make sure that you work with the current rules and guidelines. Some of the changes that have been made throughout the years include the introduction of heat pump and boiler limits and adjustments of RHI application payments.
So is Renewable Heat Incentive worth it? Yes. From the above information, it is clear the project is advantageous, especially to homes that are not within the gas grid. It is also one of the best ways to earn some bit of quarterly income once you meet all the installation guidelines and the specific rules set. You will also need to pay an RHI application fee for you to enter the agreement.