Despite attractive and near-certain returns on investment, take-up of the renewable heat incentive (RHI) far has been very low so far. If the opportunity is too good to miss, what is holding it back?
At Caplor energy we have worked on commercial Solar hot water systems for some years in additon to the residential market. This week alone a 150 tube system on a local camp site. The carbon savings are great and financially the returns generally better than PV. Come and have a look at our system if it's not making sense.
The world’s first renewable heat incentive (RHI) scheme has been open to applicants since 28th November 2011, providing payments for heat generated from renewable technologies including biomass boilers, solar thermal equipment and heat pumps.
The scheme is retrospective, meaning that installations made since 15th July 2009 are eligible. Yet only 76 installations have been accredited to date (18 June 2012).
With an initial budget of £860m for the period 2011-2015, the RHI provides financial support to commercial, industrial, public and not-for-profit and community generators of renewable heat. RHI payments continue for a 20-year period.
The Department for Energy and Climate Change (DECC) predicts 14,000 industrial installations and 112,000 installations in the commercial and public sector by 2020. The domestic sector will be included in the scheme next year.