Renewable Heat Incentive
The Renewable Heat Incentive (RHI) for solar thermal provides a payment for every kilowatt of energy your system is designed to produce.
The calculations are done at the time or survey and depend on the type of panel fitted, the size of the cylinder and how you use the hot water.
An 'average' domestic system using flat plate collectors may be calculated to provide 1,745 kW/h of energy per year.
The payments that would be received would be 19.2p for each kW/h.
Therefore the annual amount paid would be 1,745 x 19.2p = £335.04 per year.
Add to this the saving on fuel of perhaps £100 a year for an oil boiler and the total benefit is around £435 per year.
The payments are made for 7 years, index linked and tax-free.
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