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What is the RHI?
The RHI (Renewable Heat Incentive) is a payment made by the government to homes and businesses who make the switch from traditional systems for heating and hot water to renewable systems.
Which technologies qualify?
- Air Source Heat Pumps
- Ground Source Heat Pumps
- Solar Thermal
- Biomass Heating
How does it work?
Once you have had a system installed by an MCS certified installer, you are able to apply for your RHI payments. This must be done by the householder although in most circumstances, your installer will be able to assist you with the paperwork requirements and how to apply.
Payments are made quarterly over 7 years for the “Domestic RHI” and what you receive will vary depending on the size of your property and the type of system you have installed. Rates payable for each system can vary over time, although once your application is accepted, your rate will only increase in line with the Retail Price Index.
More information on rates is available here.
What is “Assignation of RHI”
In certain circumstances, customers can forego their RHI payments. This might seem a bit strange but in actual fact, serves as a means to fund the installation at their property.
Due to the sizable costs of installing a renewable heating system, assigning the rights of RHI payments to an OFGEM certified investor/installer allows a portion of the upfront cost to be removed. This means customers can benefit from all the savings they would normally experience from a Renewable system, without the large up front costs associated.
In certain circumstances, it may be possibly to fully fund certain systems.
As one of very few companies approved to offer RHI assignation as an option, Union Technical can advise on what options are available.
To arrange your free, no obligation survey call head office on 0800 046 9190 or enquire below.