Domestic Renewable Heat Incentive: The Facts and Figures

BRE BRHG Domestic Renewable Heat Incentive The facts and figures BRHG Annual Conference: Regulation & Policy Update 19th June 2014 BRE, Watford £95.00 per person #annualbrhg Book online now: http://bit.ly/1rSI8Ed What's the Renewable Heat Incentive? The Renewable Heat Incentive (RHI) is a UK government programme which launched initially in 2011 as a strategy to support renewable heat. The RHI incentivises participants of the scheme through financial enticements. With an 80% carbon reduction target for 2050 and a heavy emphasis on lowering fuel bills, RHI is part of the overall strategy to meet 12% of the UK's heating requirement from renewable sources by 2020. How does it work? Domestic RHI payment tariffs are exempt from income tax. The scheme operates by regularly rewarding households that have been using renewable sources, installed since 15 July 2009. 7.3 12.2 18.8 19.2 p/kWh p/kWh p/kWh p/kWh Biomass Boiler Ground Source Solar Thermal Panels Air Source Heat Pump Heat Pump These payments are made quarterly for seven years. I'm a Registered Social Landlord, why would I consider RHI? RHT 3 RSL RHI can subsidise costs associated with fitting renewable heating technologies, leaving you with revenues from the scheme to refurbish housing. This can allow you to reduce a tenant's energy bills and carbon footprint. Need to know facts ... It is not open to new build properties other than self-build, EPCS must demonstrate the building's energy performance. Each renewable source system must be installed by an MCS-certified installer. Each domestic building must undergo a Green Deal Assessment. Sources: http://www.energysavingtrust.org.uk/Generating-energy/Getting-money-back/Renewable-Heat-Incentive- RHI https://www.gov.uk/government/policies/increasing-the-use-of-low-carbon-technologies/supporting-pages/ renewable-heat-incentive-rhi O Capyright Building Research Establishment Ltd 2014