The ‘Renewable Heat Incentive’ premium payment scheme, a one off grant designed to help home owners meet the cost of installing renewable heat technology, was extended earlier this month to March 2014. The government has also recently announced that alongside the extension of the grant, the amount that the homeowner is eligible to receive will also double.
Home owners looking to install a wood pellet boiler will be eligible for a grant of £2000 until March 2014, a significant increase from the £950 previously available. This increase has been introduced to boost the uptake of green heating technology and also to cover the cost of the ‘Green Deal’, an energy efficiency assessment that homeowners need to undergo before they can redeem the grant.
Greg Baker, the Energy and Climate Minister stated that the increase was designed to “kick start this exciting new market for consumer renewable heat technologies” he also stated, “This is a big increase in the value of vouchers for hardworking people who want to do something positive, to install money-saving green heating in their homes should be a real boost for this growing green sector"
For more information on the RHI premium payment scheme or how to apply, please visit http://www.ofgem.gov.uk/e-serve/RHI/Pages/RHI.aspx.