The Domestic Renewable Heat Incentive (RHI) is launched today! Too late for some like SSE who folded renewable installation division a matter of weeks ago.
One of the UK's leading renewable energy installers, Glasgow based Ecoliving, welcomes the launch of what is expected to be an important market stimulant, the Renewable Heat Incentive (RHI), after over 4 years of waiting.
The Renewable Heat Incentive is designed to reward homeowners who install renewable heat technologies like heat pumps, biomass boilers and solar thermal panels, helping to repay the higher capital costs of installation compared to fossil fuel heating systems, over a seven year period.
Giving his reaction to the launch, Ecoliving MD, Keith Kemsley said, 'It has been a long road to this point with government sound bites and inaction undermining market confidence and this will come too late for many like SSE who closed down their renewables installation division a matter of weeks ago. Today's announcement will be welcomed by thousands of householders who have been holding off converting from fossil fueled to renewable heating. We expect this to provide the market with much needed impetus and in this our tenth year in business, we are looking forward to sustained growth and sharing our experience and expertise with a wider audience.'
The first of its kind in the world, the RHI was initially modeled by Gordon Brown's government and has been talked about for a number of years by the present government with today's announcement launching the domestic RHI. The non-domestic RHI was launched in November 2011 and following a slow start has been a driver for commercial, public sector and not-for-profit organisations to convert to renewable heat with some 3,000 applications approved by December 2013 and 600 MW of capacity installed. The domestic RHI is primarily, but not exclusively, targeted at those 2 million UK homes off the gas grid.
Renewable Heat Incentive
The Domestic Renewable Heat Incentive (RHI) is a government scheme providing a financial incentive to householders who install an eligible renewable heat source. Eligible recipients will receive payments in arrears over 7 years at a set rate per unit of renewable heat generated (kilowatt hour or kWh).
Find out more from the Ofgem Domestic RHI website.
Ecoliving was established in 2004 to focus on accelerating the adoption of on-site renewable energy.
With its head office in Glasgow, the business designs, supplies, installs, commissions and maintains renewable energy solutions for householders and commercial organisations. With 21 staff employed, Ecoliving offers a single-source service and is independent of any one manufacturer, giving advice on the most appropriate renewable technology for any particular situation. Ecoliving has a network of franchisees operating in England.
Tel: 0845 302 3121
Managing Director: Keith Kemsley