33% Increase in RHI Payments for ASHP
The Department for Business, Energy and Industrial Strategy (DBEIS) announced the results of an 8-month consultation which will see changes to the domestic RHI scheme.
The tariff for air source heat pumps will be increased in Spring 2017 from 7.51p/kWh to 10.02p/kWh – a 33% increase!
The intention of the announcement is to ensure better value for money and a policy designed to benefit more of the fuel poor in the country.
To help achieve this, DBEIS are placing a higher focus on the technologies which are seen as key to the overall long-term heat strategy.
This means if you install our Ecodan air source heat pump you could expect payments of up to £1800 per annum plus an upfront payment of £805.00! (Total over the 7 years could be as much as £12,264 !!)
With our heat pumps costing under £9,000 to install that looks like great news.
Or install a ground source heat pump and receive a potential £20,500 over the 7 years from Ofgem.
(All the above based on a 20,000kw/annum heat requirement and subject to a survey and Ofgem approval)