Perhaps the prospect of turning your property or business renewable is of interest to you, but you are unsure of specifics when it comes to pricing, returns and what help is available to you.
Green Square want to help demystify questions surrounding the Renewable Heat Incentive. To do this, we share our expertise, in order for you - the customer, to make knowledgeable and educated decisions regarding your future renewable energy products. We have listed estimations with specific price examples, returns and savings that can help answer these questions about Biomass Boilers, Air Source Heat Pumps and Ground Source Heat Pumps.
As of March 2017 an update was published for the Renewable Heat Incentive payment scheme, regarding how much each of your renewable products will generate per kWh. This remained unchanged since January 2017, so the next announcement will be in June of this year. For an up to date list see our previous blog from January.
By sharing some Green Square quote examples using featured products on our site as well as keeping customers up to date with any RHI changes, it serves to help clarify some basic (and very valid) questions that pop up all of the time from potential customers. We’d like to help show that it’s not as complicated as it may seem, and highlight all of its benefits conveniently for you.
Air Source Heat Pumps
This example looks at the costs involved when installing one our 8.3 KW stand alone Monobloc Air Source Heat Pumps into a 2 bed end terrace property as of April 2017. This estimate includes pricing for the plumbing work required across the whole house (including pipe runs, hot water cylinder and installation of 3 radiators in bedrooms as well as one in the first floor bathroom) as well as testing and commissioning of the system.
Domestic Renewable Heat Incentive
This Government funded scheme means you will receive a quarterly payment for 7 years as an incentive to install and renew certain types of renewable heat technologies.
These payments will be a result of the amount of heat you are individually generating within your building and the efficiency of the system once installed. The tariff payable is under the Consumer Price Index (CPI) which can be found on the Energy Saving Trust website. This is also used in conjunction with the Energy Performance Certificate (EPC), and Seasonal Performance Factor (SPF).
RHI Monitoring pack – allows you to receive £999 a further RHI grant. (£805 in year one and £105 per year for the following 7 years.
The current tariff available under the Domestic Renewable Heat Incentive (RHI) for Air Source Heat Pumps is 10.02p/kWh.
The estimated EPC states this annual Hot Water and Space Heating Demand to be 20000kWh’s and we have calculated that the SPF will be 3.5. Therefore, an estimate of 14285.71kWh’s per annum. Payments following this would total £1431.43 per annum or £11630 over 7 years – although this does not account for inflation.
An average cost per kWh of heat (based on an average cost per kWh of 0.13p for electricity) will be approx. 0.13p per kWh. The total running costs for heating and hot water will therefore be approximately £742.85 per annum in line with the above quote estimations.
Ground Source Heat Pumps
This example looks at the costs involved when installing one our Nibe F1145 Ground Source Heat Pumps into a 3 bed semi detached property as of April 2017. This estimate includes pricing for the plumbing work required across the whole house as well as testing and commissioning of the system.
The current tariff available under the Domestic Renewable Heat Incentive (RHI) for Ground Source Heat Pumps is 19.33p/kWh.
You will be paid the tariff on the total heat demand which will be detailed on your personal EPC less the power generated to produce that heat. To be eligible for this scheme, all heat pumps must have a minimum SPF value of 2.5 (for every kWh of electricity put in, you will get 2.5kWh’s of heat out).
Biomass Pellet Boilers
This example looks at the costs involved when installing one Green Square’s Robus Biomass Biopel Pellet Boilers into a 7 bed detached property as of March 2017. This estimate includes pricing for the plumbing work required across the whole house as well as testing and commissioning of the system.
The current tariff available under the Domestic Renewable Heat Incentive (RHI) for Biomass Boilers and stoves is 4.21p/kWh.
Green Square takes pride in our comprehensive knowledge of the renewable energy market, as well as our extensive technical proficiency. We want to be able to provide you with clear and accessible information about your preferences. To start with this, it’s best to contact us directly with any queries or questions you may have – it’s easy to contact us on our online form or you can request a call back if preferred on 033 33 707 707.