New Domestic RHI Tariffs Provide Added Boost For Ground And Air Source Heating
Finn Geotherm, East Anglia’s leading supplier and installer of ground and air source heat pump systems, has welcomed the latest updates from Ofgem for Domestic Renewable Heat Incentive (RHI) tariffs.
Domestic RHI is a government financial incentive to promote the use of renewable heat. It makes quarterly payments for seven years to householders for the amount of clean, green renewable heat their system produces. Beginning on April 1, 2015, the new tariffs for ground and air source heat pumps will increase by up to 1.5% in line with the Retail Price Index. The tariffs see ground source heat pump payments increase from 18.80p to 19.10p per kilowatt hour and air source heat pump payments increase from 7.30p to 7.42p per kilowatt hour. For the average three or four bedroomed house, Finn Geotherm calculates the increase in tariffs will generate in excess of £400 in additional RHI payments for householders over the seven year term*.
While the ground and air source heat pump tariffs are to be increased, RHI payments for new biomass tariffs will be reduced by 20% as of April 1, 2015.
Guy Ransom, commercial director of Finn Geotherm, said: “Domestic RHI is a great way for householders to benefit from upgrading their heating and hot water system. For consumers already thinking of a move to alternative energy, which will save them money, the RHI and its new tariffs now makes ground and air source pumps even more attractive.”
For more information on ground and air source heat pumps or details on Finn Geotherm, visit //finn-geotherm.co.uk/.
Further details on RHI can be found at https://www.ofgem.gov.uk/environmental-programmes/domestic-renewable-heat-incentive.