Non Domestic Renewable Heat Incentive (RHI)
Greystone Energy have non domestic customers collecting the Renewable Heat Incentive right now. To see how you could benefit from both fuel savings and RHI payments call 01382 826546 to speak to one of the sales team or email us. For further information we have pulled out some highlights below…
The Renewable Heat Incentive (RHI) is a Government funded payment scheme to encourage investment in specific renewable heat generating technologies. Payments vary according to the technology, heat generated and tariff rate. Tariff rates are linked to the Retail Price Index, thus representing a real return on investment.
The following summarises key elements of the existing scheme:
Payments made quarterly over 20 years for commercial properties
Payments made quarterly over 7 years for domestic properties
Payments based on actual heat usage, system size and tariff. See tariffs for individual technologies below.
The scheme is administered by Ofgem; for further information see click here or you can email RHI.Enquiry@ofgem.gov.uk or telephone 0845 200 2122.
Compatible with Energy Savings Trust (EST) small business loans: 5% interest rate if also collecting RHI, from £1,000 to £100,000, repayable over 8 years. For detailed information and to download the application form click here. Or call the Scottish EST on 0800 512 012 and ask to speak to a business advisor.
Domestic RHI – Visit the OFGEM website for up to date tariff information
Non Domestic RHI – Visit the OFGEM website for up to date tariff information
Home Renewables Loan Scheme
From 1st August 2012 the interest free loans for renewable heating systems have increased to a maximum of £10,000 under the home renewables 0% loan scheme offered by Home Energy Scotland.
Interest free loans for renewable electricity systems remain at a maximum of £2,400 under the home renewables loan scheme but as a homeowner you should also contact your local Energy Savings Scotland advice centre on 0800 512 012 to ask if there are any other financial incentives available under local area based schemes.
For full info, you can read the Scottish Government press release.
To apply, visit Home Energy Scotland for info and for the application form.
Please remember that if you’re interested in renewable heating systems you can combine both the Scottish Government interest free renewables loan and the UK Government’s RHPP2 grant (also available via HES) so long as funding from both does not exceed 100% of the cost of the system.
Please note that we have no details yet about the domestic RHI scheme and await the consultation document from DECC which is planned for autumn this year.