Renewable Energy Grants
Renewable Heat Incentive (RHI)
The tariffs have been introduced by the Government to help increase the level of renewable energy in the UK towards our legally binding target of 15% of total energy from renewables by 2020 (up from under 2% in 2009). In July 2011 the Renewable Heat Incentive will come into force within the UK. The scheme will allow the end user to claim back a guaranteed annual payment from the treasury and also benefit from lower heating costs. The scheme will be introduced in two phases.
Phase 1 – RH Premium Payment
Domestic installations installed and registered after the 29th July 2011 and before October 2012 will be able to qualify for the RH Premium Payment. This is effectively a ‘one off payment’ to compensate those who invest in renewable technologies early but are unable to claim their annual payments until October 2012 when the government will introduce Phase 2.
Phase 2 – Renewable Heat Incentive (RHI)
In October 2012 Phase 2 of the RHI will be implemented. Those domestic installations that were registered during Phase 1 (and would have received the ‘one off premium payment’) will now begin receiving annual payments. However there 20 year contract term will be backdated to the original date of commissioning. Those domestic installations that are installed and registered after October 2012 will continue to receive annual payments for 20 years from the date of commissioning (as set out by the RHI) but the ‘one off premium payment’ will no longer be available.
*In order to qualify for the Renewable Heat Incentive (or the Feed in Tariffs) you must ensure that you choose an MCS Installer (like ourselves) otherwise you will not be eligible to claim your annual payments.
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