A guaranteed income for up to 20 years with the Renewable Heat Incentive
We won’t pretend that you’re going to be able to retire on the energy bill savings from your solar thermal system. Depending on how you currently heat the water in your property, you could save up to £200 a year, which isn’t bad.
Things get more interesting when you consider the potential income from the Renewable Heat Incentive Then, you’ll receive a payment from the government for every unit of heat your MCS-approved solar thermal system generates.
Homeowners receive 19.2p per Kw of heat generated, every quarter, for 7 years – guaranteed.
A standard installation in a 3-bed home will typically earn £5,250 over 7 years, and pay for itself in 3 years, giving you 4 years of pure profit.
Businesses receive 10p per Kw of heat generated, every quarter, for 20 years – guaranteed.
The amount you can expect to receive in payments varies depending on the size of your commercial installation, but you can expect the system to pay for itself in as little as 6 years, leaving you 14 years of pure profit.
To talk to someone about how a solar thermal heating system could pay for you, call 0115 952 0263 or 07890 022002, or get in touch using our contact form.