The Government had previously announced the Renewable Heat Incentive would finish in March 2021, however as part of the proposals for a new Clean Heat Grant Scheme (CHGS) which the Government announced on 28th April 2020, the RHI has been extended for an additional year to coincide until 2022 when it will be replaced with the Clean Heat Grant Scheme.
The current proposals for the Clean Heat Grant Scheme are that it would be available to support installations of air, ground and water source heat pumps in households and small non-domestic buildings. The suggestion from the BEIS is that this grant would be run as a voucher scheme offering a voucher of up to £4,000 for each household or business installing a qualifying renewable heating system from an MCS approved installer. The scheme is still within the consultation process and the industry submitted responses to the proposals in early July.
So until 2022….
The good news is the Renewable Heat Incentive will continue to be available for qualifying installations until 2022. The current payback calculations are based on your individual property and you could claim up to £9,800* over 7 years for an air source heat pump installation and up to £23,800* over 7 years for a ground source heat pump installation.
We feel passionate about reducing carbon emissions and replacing burning fossil fuels with renewable energy to help combat the devastating effects of climate change on our planet.
Making a choice to switch to renewable heating when replacing your heating system, is a choice which only comes round every 15 years. So rather than just sticking with what you know, the heating industry is changing and it is worth taking the time to consider other options which would be suitable for your home when you replace your heating system.
So if you are considering upgrading your heating system to a renewable system and want to take advantage of the current Renewable Heat Incentive, then get in touch on 01603 898904 or complete our contact form we would be happy to help you make a difference.
*Source Ofgem figures Dec 2019