What can I expect my return on investment to be?
Through the Renewable Heat Incentive, non-domestic system owners can enjoy income and savings based returns of between 10-25%, guaranteed for 20 years.
The RHI is a Government scheme which provides financial support to renewable heat generators. At the moment the scheme is only available to non-domestic installations, but it is expected that by Summer 2013, when Phase 2 of the scheme begins, that it will be open to domestic installations.
As the system is attached to your property, it will improve the energy rating of your property and in doing so, it will increase the value. Any new owner will be buying a property with an attached income and much reduced or even eliminated utilities bills.
As energy prices continue to increase, your savings and return on investment becomes even greater with the Renewable Heat Incentive.
In the mean time, homeowners are eligible to receive Renewable Heat Premium Payment vouchers to the value of £950 to offset against the price of the installation of your biomass boiler and you will still be eligible to receive the Renewable Heat Incentive when it becomes available to the domestic market.
Remember, as long as your biomass boiler has been installed on or after the 15th July 2009, you will receive the domestic Renewable Heat Incentive when it becomes available next year, subject to requirements.