NEWS INDUSTRY
The RHI is beginning to warm up T
he Non-Domestic Renewable Heat Incentive was introduced in
November 2011, and since then has given UK business owners a fantastic opportunity to put money back in their pockets by generating savings of up to 45%. As of January 2015, almost 30,000 systems had been approved by Ofgem- a milestone, of which roughly 7,300 units have been installed through the commercial scheme into buildings such as farms, schools, hospitals, hotels and office buildings. 2015 looks set to build on this success
as we see an increase in awareness of the technology among businesses and consumers, which will lead to further strong growth for the renewable heating sector, especially in the biomass part of the market. Since its introduction in 2011, the RHI
remains incredibly attractive to business owners not least due to generosity with scheduled tariff degressions. The Department of Energy and Climate Change (DECC), who manages the scheme, reduced the small commercial biomass tariff by 10% on 1st January. The next degression date is 12th February, however luckily
for business owners who are looking to apply, there is no planned drop in tariffs for either biomass or heat pumps. This means that renewable heating technologies still represent a significant saving over traditional fuel sources such as oil, electricity and gas. Although the initial outlay of a biomass system or heat pump is expensive, the Renewable Heat Incentive (RHI) scheme ensures that business owners receive a good return on investment. A Government initiative, the RHI scheme offers business and homeowners financial incentives as a reward for switching from fossil fuel solutions to renewable heating technology.
GREENER AND CLEANER Although the oil price is dropping at the moment, its volatility is widely known. Wood fuel used for biomass boilers however, either in the form of wood chips or pellets depending on the model you choose, is significantly lower and is not subject to political instabilities. All fuel is sustainably sourced and approved by the Forestry Commission. Coming from renewable, local sources keeps the money within the UK economy and reinvests in our rural woodlands.
The conversion from fossil fuel systems to renewable heating systems is beginning to take off but the biggest barrier is still awareness, something that both the industry and the Government are working hard to reverse. Despite a lack of knowledge amongst potential customers, there is no doubt about the fact that renewable heating offers huge financial and carbon savings, and there are thousands of business owners up and down the country who have already taken this leap and are enjoying the rewards. One notable example can be taken from a commercial farm in Herefordshire, England. The owner switched to an ETA 50kW wood chip biomass boiler and as a result saved over £4,000 per year on fuel alone, as well as making more than £10,000 annually in quarterly RHI revenue. The payback period in this case was
only four years and the business owner’s total net return was a staggering £600,000. Seeing figures like these, it is obvious why biomass is now in high demand across the farming community.
Innasol
www.innasol.com
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