To encourage the use of renewable energy technologies, the government has introduced the Renewable Heat Incentive (RHI). The schemes offer a tax-free and index-linked income based upon an estimated or metered (actual) usage, allowing home owners to turn heating costs in to a profit.
Signing up to the RHI can protect you against rising energy and fuel prices. Not only will your heating bills be lower but you will also be provided with a heating system for the future, a growing consideration for people looking to purchase their next home.
The Renewable Heat Incentive (RHI) is available for the installation of an Air Source Heat Pump (ASHP), Ground Source Heat Pump (GSHP), a Biomass Boiler or Solar Thermal Panels. More information on the Renewable Heat Incentive.
To benefit from the RHI you need to have your heat pump installed and commissioned by the end of March 2021 as the scheme is ending.
The current tariffs are as follows:
Domestic Renewable Heat Incentive (RHI) from 1st January 2020:
|Technology||Tariff (per kW energy produced)|
|Air Source Heat Pump||10.71p/kWh (RHI)|
|Ground Source Heat Pump||20.89p/kWh (RHI)|
|Biomass Boiler||6.88p/kWh (RHI)|
|Solar Thermal Panels||21.09p/kWh (RHI)|