Office: 01865 600015 Mobile: 07989 60 32 46
The worlds first domestic renewable heat incentive is launched 9th April 2014.
Department of energy and climate change confirm RHI tariff rates for Heat Pumps & Biomass
see our analysis on how much you can earn from installing a heat pump or biomass boiler
Assumptions
Tariff prices used
Oil =65 pence per litre
Boiler Efficiency 90%
Electricity = 13 pence per kWh
Property has average insulation, therefore 55 W/m2
Domestic RHI tariff prices (source DECC Domestic Renewable Heat Incentive, published 12th July 2013)
Ground Source Heat Pump = 18.8 pence per kWh (Renewable heat) Now increased from 1st April 2015 = 19.10 p/kWh
Air Source Heat Pump = 7.3 pence per kWh (Renewable heat) Now increased from 1st April 2015 = 7.42 p/kWh
Biomass = 12.2 pence per kWh Now decreased from 1st April 2015 = 8.93 p/kWh
For update regarding the domestic RHI tariff rates please see link below.
For calculating renewable heat eligible for heat pumps the following formulae has been used
Eligible heat demand = Total heat demand x (1 - 1/SPF)
SPF = Seasonal Performance Factor
Note: The Domestic RHI has a duration of 7 years.
RDC Energy Ltd, 32 Oxlease, Witney, Oxfordshire, OX28 3QX Company registration number 07336992