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There are currently no grants available for Solar Thermal. The RENEWABLE
HEAT INSENTIVE (RHI) starts April 2011. This will apply to wood heating
and solar thermal. There are many local schemes to help finance
renewable energy. Check with your local authority.
Renewable Heat Incentive
When does it start?
Tariffs will be paid starting in June 2011. However, any suitable
system installed from now onwards will be eligible for the tariffs when
they begin.
What is the Renewable Heat Incentive?
The Renewable Heat Incentive is the heat part of what
some people call Clean Energy Cashback, a scheme that pays people for
creating their own "green electricity". The second part of the scheme is
the Feed-In Tariffs (also known as FITs) , a similar measure for electricity.
How much money is the Renewable Heat Incentive worth?
You will save money by not needing to use any gas or oil,
both of which are becoming increasingly expensive year-on-year.
You will be paid up to 18p/kWhr for the hot water and heat
you generate and use yourself. It depends on exactly what systems you
use and how large they are as to what the exact tariff level is.
How long do the tariffs last?
Between 10 and 23 years depending on which type of system you use.
Is that long enough to cover the installation costs?
Yes, in fact, we estimate that most of our
customers will earn enough money from the tariffs to pay off their
installation costs in about seven to nine years. According to the
Government, which has set the tariff levels, the average user will earn a
return of around 8 to 12% per annum with higher band tax payers seeing
almost double that.
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