{"id":76,"date":"2011-03-10T16:10:44","date_gmt":"2011-03-10T16:10:44","guid":{"rendered":"http:\/\/localhost:21453\/?p=76"},"modified":"2011-03-10T16:10:44","modified_gmt":"2011-03-10T16:10:44","slug":"renewable-heat-incentive-plans-unveiled","status":"publish","type":"post","link":"https:\/\/www.local-quotes.co.uk\/guides\/eco-homes\/renewable-heat-incentive-plans-unveiled\/","title":{"rendered":"Renewable heat incentive plans unveiled"},"content":{"rendered":"

With expensive energy bills one of the main worries for many homeowners in the UK, renewables offer a way to escape costly gas and electricity prices. But if you\u2019re put off by the cost of installation, the Government have announced a scheme that\u2019ll help you see a lucrative payback. <\/p>\n

The Renewable Heat Incentive (RHI) has been set up by the Government to offer a financial return for those who invest in renewables which produce environmentally friendly heat. This would include the likes of solar thermal panels, heat pumps and biomass boilers. <\/p>\n

With strict EU targets set to reduce carbon emissions in the UK by 2020 and an ambition to have 12% of heat coming from renewable sources by the same year, the RHI is expected to go a long way in helping to achieve both.
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\nThe scheme is aimed at both domestic and commercial installations, although the domestic side will come into force in spring 2014. <\/p>\n

The RHI works in a similar way to the successful feed-in tariff scheme, most associated with solar panels. It pays out a set rate for the renewable heat you generate and early predictions say you can earn as much as \u00a3650 a year through this incentive alone. Then you have the annual savings on bills to add on too. <\/p>\n

For domestic renewables, the following rates will apply:<\/p>\n