New Domestic Renewable Heat Incentive launched
UK homes can now earn up to £3,690 per year for heating their homes with renewable technologies and save themselves up to £2,000 per year on their energy bills
Launched yesterday, the Renewable Heat Incentive (RHI) is the world’s first long-term financial support programme for renewable heat. It follows months of speculation in the industry.
Similar to the popular Feed-in-Tariff enjoyed by installers of PV solar panels, the RHI will pay people for generating their own heat energy plus they get to heat their home efficiently.
The tariff is calculated on the expected cost of renewable heat generation over 20 years, and is paid every quarter over 7 years. The payments are index linked. [More…]