18 Sep Still time for the Renewable Heat Incentive (RHI)
What is the Renewable Heat Incentive?
The Renewable Heat Incentive (RHI) is a government financial incentive to promote the use of renewable heat. Switching to heating systems that use eligible energy sources can help the UK reduce its carbon emissions and meet its renewable energy targets.
The Renewable Heat Incentive has two schemes – Domestic (DRHI) and Non-Domestic (NDRHI). They have separate tariffs, joining conditions, rules and application processes.
How does it work?
In simple terms, payments are made to you quarterly for the renewable heat that you generate. For domestic properties, these payments will be made for 7 years, and for non-domestic 20 years. So, whilst the setup costs of these systems can be higher than conventional gas, you should benefit from significantly lower on-going operating costs.
The schemes were due to be closed on the 31st March 2021, but due to the impact of coronavirus, applications for the DRHI has been extended to 31st March 2022, and the NDRHI has also been extended by a year for projects at Stage 2, provided they are then commissioned by 31st March 2022.
Want to know more?
If you think that you may be able to benefit from the RHI, we’d be happy to talk you through some of the finer detail and if appropriate support your application.