Bringing Down the Cost of Solar Thermal Heating
As part of an overall commitment to cut carbon emissions, the UK government has set targets to significantly increase in the amount of heating from renewable sources to 15% of the total by 2020.
The Renewable Heat Incentive (RHI) is designed to reward homeowners with long-term, tax-free, cash payment for investing in renewable energy systems like solar panels.
Government recently confirmed an £850m budget for the RHI which is expected to start in October 2012 and any owners of solar thermal systems installed since July 2009 will be eligible to receive guaranteed tax-free payments. The terms of the RHI will be clarified in May 2012.
In the interim the Government has launched the Renewable Heat Premium Payment scheme. Provided your house has some basic insulation measures in place, you will be eligible to claim a £300 rebate for buying a solar thermal system, for all systems installed before March 31st. We think is a great reward for an investment that will save you money every day of the year, *so much so that we will match it with our own £300 discount available to the first 250 systems installed before May 31st 2012 .
Its aim is to make the cost of solar thermal heating systems more attractive by offering a guaranteed return on investment - we believe that will mean a return that should typically enable you to recover the cost of a solar heating system within 9 - 12 years.
To find out more about the Renewable Heat Incentive visit, www.decc.gov.uk/rhi
Call FREE 0800 0546 613 and speak to an adviser today, for a no obligation quotation, or click here to apply online