How much will I earn from my renewable heating system?
Posted by Tasha Kosviner on 4 August 2014 at 8:46 am
If you’re wondering how much you could earn in government incentives from a renewable heating system in your home then an answer is at hand.
The Department of Energy and Climate Change have launched their online domestic renewable heat incentive calculator which allows you to estimate the income you could receive based on your choice of technology.
The calculator, which YouGen was involved in testing during development, allows you to enter the type and size of your house and select the different types of technology you’re interested in. It will then calculate your likely return from the domestic renewable heat incentive (RHI).
The RHI is a system of quarterly payments made for seven years to households who install eligible renewable heat technologies. These could be biomass boilers, solar thermal panels (as opposed to solar electricity panels) and air source or ground source heat pumps.
We welcome the calculator as one part of the jigsaw for any household considering using renewable heat. However, RHI should be only part of the equation.
The calculator will only tell you what return you can expect through the RHI. It will not tell you whether a particular technology is suitable for your home, and many may not be, nor will it tell you the cost of installing, running and maintaining a renewable heating system. Finally it will not tell you whether your home is eligible for RHI. To qualify for RHI you must ensure your home has minimum levels of insulation.
Anyone considering installing a renewable heating system in their home should seek independent advice and take quotes from numerous installers before committing.
To find out more about how to qualify for the renewable heat incentive click here.
Photo credit: Images_of_money
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