Renewable Heat Incentive (RHI)
The financial incentives related to renewable energy are widely available and extremely rewarding.
What is the Renewable Heat Incentive (RHI) scheme?
The Renewable Heat Incentive (RHI) scheme is a government scheme that offers payments to those that install qualifying renewables based systems and equipment. Air source heat pump heating systems are eligible for RHI payments provided the ASHP installed is accredited under the Microgeneration Certification Scheme (MCS) and the installer of the unit/system is an MCS Accredited Installer. There is a domestic RHI Scheme and one for the non-domestic market.
The Schemes were set up to encourage the installation of qualifying products that reduce the carbon footprints of households and businesses. In principle, the amount paid is designed to cover the difference in cost between a traditional fossil fuel heating system and one that uses an ASHP, PLUS a return on that up front investment. Payments can be considerable – up to just over £2,000 a year on larger systems.
Following a successful application to the Scheme, payments will be made for 7 years through quarterly “instalments”. The amount you will receive depends upon a number of criteria and you will know the approximate amount that you might receive under the Scheme prior to purchasing equipment or a system. Principally, the more renewable energy you produce (heat in the case of an ASHP), the more money you will receive. Demand for heat is dictated by the heat loss from your house and this will be calculated using the MCS approved methodology.
What Earth Save Products Qualify for RHI Payments?
All of our ASHP units are MCS Accredited and carry an Energy Performance Rating that makes them eligible for RHI payments (provided the system that they form part of complies with MCS installation standards and rules). In order to gain MCS Accreditation, our air source heat pumps undergo stringent testing to prove their very high efficiency. If efficiency standards are not achieved, MCS Accreditation is not possible.