After months of speculating and lengthy delays, the domestic RHI has launched in the UK TODAY, WHOOPIE – rewarding home-owners choosing to heat their homes with renewable technology with high tariff payments. This is great news for eco-green buffs as they will be rolling in money, waving their cash around like they just don’t care!
What is RHI?
The Renewable Heat Incentive (RHI) is the world’s first long-term financial support programme for renewable heat.
Similar to the popular Feed-in-Tariff enjoyed by PV solar panels, the RHI will pay people for generating their own heat energy AND they get to heat their home efficiently – slashing their heating bills dramatically! I cannot convey the level of excitement I am currently in.
Speculations of an imminent launch rose considerably when the minister for the Department of Energy and Climate Change, Greg Barker has announced via Twitter:
“Excellent progress on domestic RHI. All set now for launch by Easter.”
This is excellent news for those that already have, or who are considering RHI approved renewable heating, as they will see annual earnings and savings (payable for 7 years) of:
– £3,690 for ground heat pumps
– £3,390 for biomass boilers
– £1,280 for air source heat pumps
– £600 for solar thermal systems
It’s worth noting that currently, the hybrid solar panels (PV-T) that generate both electrivity AND hot water are not eligible for the RHI tariff.
Always check your system will be RHI eligible and use an MCS accredited installer.
Finally the government have got something right! The amazing thing about it is you will be independent, you won’t have to rely on those energy providers with sky-rocketing prices and you will be paid for doing it! Just think of what you could do with a couple of grand left over at the end of the year..
Solar Power has grown incredibly in the recent years; with Britain now having 500,000 homes with Solar Panels, the business is booming! The general public are definitely opening their eyes to the brilliant benefits and opportunities that Solar Power has to offer.
Solar Panels obviously offer to cut down your electricity bills by becoming more dependent on solar power. The ever increasing prices of energy providers is clearly making people looking into Solar Power as it is an easy, cheap way of saving money. Also with the feed-in-tarrifs the government currently provides it makes it possible to earn up to £750 a year! Who doesn’t want extra money in their back pocket? From the financial side of things, Solar panels are definitely a great benefit to home-owners looking to save money.
Feel good factor
Solar Power is a clean, renewable energy which makes it GREEN! You can feel smug as you tell the world of how you produce clean energy which is potentially saving the Planet. Also speaking from personal opinion, there is nothing that makes you happier than seeing how much energy you’re producing, and there is nothing that makes me look weirder than grinning insanely when I see that electric bill cut down to size!
There is massive spike in the amount Solar Power is making into the media recently. Various government projects getting behind Solar Power like how the U.S. Navy plan to beam down energy from orbiting Solar Panels. Or even how one of Britain’s biggest landmarks, Big Ben, could possibly be getting Solar Panels (Story here).
There is also gigantic leaps in the technological side of the Solar Panel world. With ‘mad’ scientists developing transparent solar panels, Solar panels that work better on cloudy days ! And even the revolutionary idea of the near possibility of being able to grow solar panels from BACTERIA.ITS ALIVE!!!
With all these contributing factors, it’s no surprise that Solar Panels have been on the rise. There has never been a better time to get into the Solar Powered world, with so many people getting involved now, shouldn’t you as well? If anything you have read has interested you in Solar Panels, visit this excellent site here for a FREE quote on Solar Panels !
All links to the stories can be found above. If none work I will post them down here too
From April 1st the Feed-in-Tariff, that pays you for generating your own electricity from solar panels (whether you use it yourself or not) will drop to 14.38p/kWh, but what does that mean in your area?
Based on the Energy Saving Trusts’ calculations you can see how much you should expect to earn and save in your region each year:
North East: £635
North West: £650
East Midlands: £655
West Midlands: £661
East of England: £672
South East: £718
South West: £742
Remember, these are estimates for a 4kW system, and the FiT is index-linked and should increase year upon year with inflation.
I know I’m supposed to be on holiday – I am (well packing the camping gear in the car as we speak) but I just wanted to share this Tweet I just saw…”Soo nice to get a big fat FiT payment notification in with the bills!”Just got me thinking – that would be really nice to come back from holiday and find on your doormat wouldn’t it? Money actually being paid into your bank account.Phew!Well with such giddy thoughts, I’d better do my share of loading the camping gear into the car.See you all in just under a fortnight.Jonathan.photo credit: edd deane
Rochdale Online reports that Rochdale Council is planning it’s own ‘roof-rental’ scheme, acting as the roof landlord, to take advantage of feed-in tariff payments.
Initial plans are for the scheme to include the council’s social housing stock. The occupants would get the benefit of using the energy generated, whilst the council would get the benefit of the tariff payments.
Run in conjunction with a private sector solar panel installation company, a likely scenario is that the private company would install the panels and retain the feed-in tariff payment for a fixed period of around 7 years before handing the panels and the feed-in tariff payments over to the council.
Apparently, (according to the Guardian), a Government announcement is expected this week in response to fears that large scale solar farms could be draining the resources set aside for Feed-in tariffs for homeowners.
It’s a scenario that seems to have caught everyone by surprise.
“According to Cornwall council, more than 60 domestic and foreign companies have expressed an interest in developing solar farms in the county”.
Weren’t we saying only yesterday that it was not hard to imagine the UK having to re-think it’s solar panel feed-in tariffs if they got too over subscribed like Spain’s have?
Statistics from Ofgem (the energy regulator) as reported on Click Green, reveal that despite 2010 being one of the coldest years on record, it didn’t stop a 10 fold expansion of solar energy in the UK during 2010.
17,557 feed-in tariff registered installations are now generating a total of 57.6 megawatts of energy.
The exact breakdown shows how much the photovoltaic solar panel feed-in tariffs have played a part in that success – 16,375 of the 17,557 were photovoltaic installations, with 1,007 being wind turbines and 157 being hydro-electric sites.
The worry is that the Government could try to incentivise other renewables like wind by reducing solar subsidies or the tariffs get so over subscribed (as has happened in Spain) that they have no choice but to reduce the tariffs considerably.
If only we could look into a crystal ball? Whatever, a drop in the level of solar subsidy tariffs will become more likely the closer we get to the review period (last reported to be in 2013 I believe) so if you’re looking to maximise your payback from your own solar panel installation, then the time to start investigating that is now.