What is a Renewable Heat Incentive?
One of the major advantages of installing a renewable energy source in a domestic property is receiving additional funding from the government in the form of a Renewable Heat Incentive. By installing a renewable heat source such as an Air Source Heat Pump, an owner can benefit from payments on a regular basis.
History of the Renewable Heat Incentive
After launching in 2014, the Renewable Heat Incentive has taken off in the domestic market, encouraging homeowners to invest in renewable energy and cut carbon emissions. It is in the government’s best interest to encourage residents to embrace renewable energy, given that it will help them reach national renewable energy targets and decrease the reliance on fossil fuels.
How does the RHI work?
Once a renewable energy source has been installed, the homeowner can apply for an RHI and get a quick decision based on the output of the source itself.
After your application has been successful, the government will provide quarterly payments for 7 years.
The government requires you to commit to certain obligations during the 7 years they provide quarterly payments. These generally consist of keeping the renewable energy source in working condition, any major changes to the heating system that may affect the operation of the monitored renewable energy source and to assist in providing any and all information when required.
For any further information about the Renewable Heat Incentive set out by the government, visit this page here. If Wise Energy can assist you in the installation and advantages of a renewable energy source such as an Air Source Heat Pump, please get in touch using our contact page here.
Read the Mitsubishi Renewable Heat Incentive guide here