Generate Revenue With Renewable Energy Using the RHI
The UK Government is driving major changes to the energy industry and is committed to generating 15% of UK energy from renewable sources by 2020. Financial incentives are seen as an important tool to help drive the uptake of renewable technology.
What is the Renewable Heat Incentive (RHI)?
The Renewable Heat Incentive (RHI) is a quarterly payment for combustion of carbon-neutral fuels – in effect subsidising you to use renewable sources of energy and is available to both commercial and domestic users. In most cases RHI should cover fuel and in some cases the installation costs.
RHI is administered and regulated by Ofgem and its latest annual report shows over £36 million of payments for 2,500 installations in financial year 2013/14.
Our experts will guide you through the application process.
The exact amount paid is relative to the total kWh consumption within buildings.
Payments are tax-free and index-linked; however, corporation tax is still payable. This applies to farms and estates, small businesses, hospitals, schools, public sector organisations and district heating schemes where one boiler serves multiple homes.
The exact amount paid is relative to the total kWh consumption within buildings. Additionally if combine heat and power (CHP) plant is installed with an eligible heat use then the standard tariff is doubled.
Payments are tax-free and index-linked; however, corporation tax is still payable. This applies to district heating, schools, hospitals and factories.
The RHI scheme applies to homes on and off the grid. Householders making the switch to renewable energy can submit applications as soon as the installation has been commissioned and with our help, our clients have enjoyed a 100 per cent success rate with RHI applications.
Why Choose an RHI?
- You are eligible to receive payments from day one
- Payments are made quarterly and should cover the cost of installation
- Payments can help with cashflow and enhance business profits
- The scheme is Government guaranteed
- The scheme is regulated by Ofgem