DECC have announced today the full details of the RHI (Renewable Heat Incentive) and Phil Hurley, Managing Director of NIBE Energy Systems Limited has commented, " We are pleased the Government has announced its commitment to renewable heating with £860 million of funding in the first four years and the expected increase to green capital investment by £4.5 billiion up to 2020. This announcement comes after many months of speculation and uncertainty after the axing of the Low Carbon Buildings Program last year.
We are delighted that the Government has decided to reserve, exclusively for the household, a quarter of the first year's funding supported by a "RHI Premium Payment" to help people cover the purchase price of green heating systems. Those taking up the premium will then be eligible for a RHI tariff from October next year when the Green Deal begins, as will anyone else who has had eligible equipment installed from July 2009.
This gives a phased approach to the scheme and with the introduction of the Green Deal in October 2012, does not limit these technologies to households that have the capital to invest.
There are still many important details to follow, but from the initial announcement we welcome this scheme and the opportunity of thousands of homes to benefit from renewable technologies."
For full details regarding the RHI please follow this link:
http://www.decc.gov.uk/en/content/cms/news/PN2011_023/PN2011_023.aspx