We’ve got good news! The Department of Energy and Climate Change (DECC) has confirmed the RHI rate for solar thermal will remain the same on 1st October 2016. The tariff payment of 19.74p will stand firm until the next review on 1st January 2017 – after which it will be reviewed every three months.
However, there have been reports that the RHI may be under threat as soon as summer 2017. It’s evident that we are in a time of uncertainty and aren’t sure what the future holds post Brexit and Theresa May’s appointment as Prime Minister. Now is definitely the time to invest as future decisions on the RHI rate won’t affect you once you’ve had a solar thermal system installed or upgraded your existing solar thermal system.
Should you install a solar thermal system, you’ll be eligible to get paid for 7 years for all the heat that’s deemed to be generated. These payments are tax free and index linked and you will also, of course, make significant savings on your fuel bills.
If you’ve already got a solar thermal system you can upgrade this system so that you’ll be able to claim for RHI payments. An upgrade involves removing the existing solar panels from the roof and replacing them with new ‘Advanced’ high performing solar collectors that come with a 10 Year Manufacturer’s Warranty. The system would also be brought up to current MCS* standards in terms of controls and safety features.
If you’re interested please call us on 0113 2620261 to find out more.
*Microgeneration Certification Scheme is a mark of quality and demonstrates compliance to industry standards.