You can get paid for installing renewable energy systems provided you use an MCS registered installer.

The RHI scheme is for heating systems such as Heat pumps and solar hot water systems. The FIT is for electricity producing systems such as PV and wind turbines.

FIT

The Feed in Tariff, perhaps better described as a generation tariff, pays 4.04p for every kWh a typical domestic system generates. Plus, you will be allowed to use the electricity you produce, saving money on your bill. What’s more, you’ll be paid to export your electricity – an additional 4.85p for half of what you generate. The scheme is not just a flash in the pan either, the payments are guaranteed by the Government for 20 years and an array on an un- shaded, south facing roof can generate a rate of return of over 10%. Even better news is that the returns are tax free and rise in line with RPI. More details can be found on the Energy Savings Trust and DECC websites.

RHI

The Renewable Heat Incentive scheme is run by DECC and administered by Ofgem. The scheme embraces solar thermal, biomass, air source and ground source heat pumps. You’ll be paid for every kilowatt hour of heat you produce which is a tangible bonus in addition to cheaper fuels and the emotional benefits of reducing your carbon footprint. If you swap to a heat pump  and your house uses 20,000 kWh of energy in a year you will earn just over £1,400 a year, that’s  £10,000 over the seven year term of the scheme.

The Domestic RHI

This is applicable to any single property that is capable of getting a domestic Energy Performance Certificate. This EPC gives a calculated figure for the amount of heat required by the building in a year and is the figure you’ll be paid against at the appropriate tariff rate (Air Source Heat Pump is 10.02p, solar thermal is 19.51p). The tariff is tax free and linked to RPI ensuring the incentive keeps pace with inflation. If you’re switching from an oil/lpg boiler to a heat pump, the payments over seven years can cover most of the cost of the installation.

The Government supports renewable energy as it seeks to achieve the challenging EU target of sourcing 15% of our energy from renewable sources – an eight fold increase in a decade. Hitting these targets will greatly reduce the release of carbon into the atmosphere and the impact it has on our environment! This support is in the form of the Feed In Tariff (FiT) for photovoltaic systems and the Renewable Heat Incentive (RHI) for solar thermal, biomass and heat pumps. Both schemes can only be accessed through companies like ourselves who have been MCS accredited, ensuring that you will have the best possible equipment fitted by properly trained installers.

What’s the payback?

Payback time depends on how much hot water or electricity you use and the future price of energy. Using current rates, we estimate your outlay will be recovered in 7-15 years after which most of your hot water will be free, your heating system will cost about the same as gas to run and your PV feed in tarrif, pure profit.

One of the great certainties in life is that the cost of fossil fuel will continue to rise as it becomes more scarce. Each year energy prices rise by more than inflation. Take a look at your bills and you may be surprised by just how much you are currently spending.

  • With a heat pump system the RHI payments (over 7 years) of up to £10,000 should cover most of the installation and the on-going running cost will be about half that of using oil.
  • With a solar systems the RHI payments (over 7 years) of up to £2,000 should cover around 45% of the installation cost. Then on-going savings should be around 25% of your total heating bill.
  • With a solar PV system the FIT payments (over 20 years) of up to £5,000 and annual electricity bill savings of around £300 should cover the cost of installation in around 12 years and go on to generate income and savings for years to come.

Of course, in each case, it depends on your energy use, but with each quote, we’ll show you annual output figures that will allow you to judge for yourself.