RHI launch date confirmed

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News article

RHI launch date confirmed - Monday 28th November

April 2010

renewable energy news

Farmers and landowners looking to produce heat from renewable sources will now be able to do so more affordably as the Renewable Heat Incentive (RHI) opens for applications from Monday 28th November.

The £860million fund is the first of its kind in the world providing long term support to those installing renewable heat technologies. Subsidies will be paid over 20 years for eligible technology which includes biomass boilers, ground source heat pumps, deep geothermal, solar thermal, the injection of biomethane and biogas combustion.           

Rebecca Seaman of Fisher German believes that farmers, and people with rural businesses now have an unmissable opportunity to diversify into renewable heat production and make significant savings.
 
Rebecca comments “This is an excellent opportunity as the tariffs have been calculated to provide a return on the additional capital invested of around 12 per cent.  Tariffs are set for the majority of technologies; however “tiered” tariffs have been introduced for small and medium-scale biomass. Installations will receive a higher tier 1 tariff for the initial proportion of generation, reducing to a lower Tier 2 tariff when generation exceeds the “Tier Break”. 
 
To illustrate, Rebecca uses the example of a farmer using a 900kW biomass boiler to provide the base load heat for over 13,000 square metres of broiler housing.
 
“The capital cost of installation including boilers and infrastructure would be in the region of £520,000 and the annual wood chip requirement would be around 800 tonnes. Costing circa £90/t, this would equate to £72,000 per annum. Putting it into perspective, the equivalent cost assuming LPG heating for the same requirement would be £180,000.
 
“Taking the RHI into consideration; Tier 1 would be approximately £58,000 and Tier 2 would be about £19,000 meaning the farmer would receive an annual payment of £77,000. 
 
“We urge farmers to consider how the RHI can support their choices for a low carbon and lower cost future. As with all funding support schemes this is a complicated area but in summary if you are not on the gas network and using electric, LPG or oil for your heat, the RHI can transform the way in which you make your heating choices.”
 
Eligible technologies must have been installed and first commissioned on or after 15th July 2009 to receive the tariff payments.

For further information, please contact Rebecca Seaman on 01858 411219 or email rebecca.seaman@fishergerman.co.uk
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