RENEWABLE HEAT INCENTIVE SCHEME
At the moment there are two main grant and/or pay back schemes in place. There are;
Green Homes Grant (GHG) and the Renewable Heat Incentive (RHI). Both provide financial support from the Government but in different ways.
Green Homes Grant -
Homeowners and landlords in England can apply for a voucher towards the cost of installing energy efficient and low-carbon heating improvements to homes, which could help save up to £600 a year on energy bills.
The government will provide a voucher that covers up to two thirds of the cost of qualifying improvements to your home. The maximum value of the voucher is £5,000. You may be able to receive a higher level of subsidy if you are a homeowner and either you or a member of your household receives one of the qualifying benefits, covering 100% of the cost of the improvements. The maximum value of these voucher is £10,000. Landlords cannot apply for the low-income part of the scheme.
For more detailed information, please click here.
Renewable Heat Incentive -
The Domestic Renewable Heat Incentive is in place to encourage the use of renewable heating technologies. Under the scheme, householders receive quarterly payments for a period of 7 years based on the amount of renewable heat their system produces. The Domestic RHI is targeted at homes off the gas grid but you don’t have to be off gas grid to apply.
The domestic RHI provides support for biomass, air source heat pumps, ground source heat pumps and solar thermal. The tariffs have been set at a level that reflects the expected cost of renewable heat generation over 20 years and should make renewable heating a viable option when set against the costs of conventional heating systems.
For more info on heat pumps and the RHI, click here.