With rising CO2 emissions and the soaring prices of fossil fuels, it’s no wonder an increasing number of energy users are switching to renewable energy. Government backed funding for renewable technologies such as heat pumps, solar panels and biomass boilers means that there has never been a better time to switch from fossil fuels to renewable energy.
What is the Renewable Heating Incentive (RHI)?
The Domestic Renewable Heat Incentive (Domestic RHI) is a UK Government financial incentive to promote the use of renewable heat. Switching to heating systems that use naturally replenished energy can help the UK reduce its carbon emissions. If you join and comply with the scheme rules, you’ll receive quarterly payments for seven years for the amount of clean, green renewable heat the system produces.
Ofgem have recently introduced Assignment of Rights. This means that an approved funder can fund or part fund the installation cost of an Heat Pump installation. This applies for domestic & commercial properties including social housing, house builders and schools. When the cost of the heat pump installation is calculated and the RHI payments have been estimated, the funder will then pay for the installation either wholly or in part it depends on the cost of the installation and the RHI estimates.The funder then receives the RHI payments directly from Ofgem and the end user gets the benefit of a new central heating system and reduced fuel bills (subject to T&Cs)
Domestic and Commercial
Domestic for Air Source Heat Pumps (ASHP) can be funded by the new Assignment of Rights AoR (call us for details) and in Scotland with interest free loans from Energy Savings Trust see this link
Funding available for all types of heat pumps and renewable energy through our funding partners
- Social Housing
- Care homes
Want to know more?