***NEW PRICES FROM 1st NOVEMBER 2012***
WHAT IS THE FEED IN TARIFF?
• A guaranteed premium payment of 15.44p per kWh for ALL the electricity you produce for 20 years• An enhanced payment of 4.5p per kWh for the electricity produced and exported back to the grid
• The payment is TAX FREE and INDEX-LINKED on domestic use installations
• In addition to the payment, you use your FREE ELECTRICITY
WHAT IS THE RETURN ON INVESTMENT WITH THE FEED IN TARIFF?
For a 4 kWpeak system fitted to a south facing elevation: Estimated Install Cost £6040 inc vat
| ESTIMATED USAGE | ANNUAL EARNING/SAVINGS |
|---|---|
| Estimated electricity produced by system (Feed In Tariff) 3000 kWh x 15.44p* | £463.20 |
| On Electricity used direct-1800 kWh x 14.00p (Average utility company charge per kWh) | £252.00 |
| On Electricity produced but exported back to the grid (Feed In Tariff) 1200 kWh x 4.5p | £54.00 |
| TOTAL SAVINGS: Combined estimated annual savings and tariff received | £769.20 per year for 20 years |
| Annual Rate of Return on Investment | 12% |
SAP 2005 calculation for Annual Solar contribution: The performances of solar systems are impossible to predict with certainty. This estimate is based on the Governments' SAP and is given as guidance only. It should not be considered as a guarantee of performance. Based on average savings on an existing property.
Many of Solarwall's customers are already benefiting from this incentive. So if you are interested in joining them and enjoying not only your own free electricity but a guaranteed annual cash payment from your investment call SOLARWALL on 0800 138 0079 or visit us at the Energy Centre for further information
The Renewable Heat Premium Payment (RHPP) & The Renewable Heat Incentive (RHI)
The Renewable Heat Premium Payment scheme is a government scheme that gives money to householders to help them buy renewable heating technologies – solar hot water panels, heat pumps and biomass boilers.
The Renewable Heat Premium Payment scheme - Phase 2 will run from 1st May 2012 to 31st March 2014, subject to available funding.
The premium payment you are entitled to depends on the technology you chose
| TECHNOLOGY | VOUCHER VALUE |
|---|---|
| Solar Thermal Hot Water | £300 |
| Air-source Heat Pump* | £850 |
| Ground-source Heat Pump* | £1250 |
| Biomass boilers* | £950 |
All installations must be complete and vouchers redeemed by the expiry date on your voucher or 31st March 2014 whichever is sooner.
The Renewable Heat Incentive (RHI) is a UK Government scheme set up to encourage uptake of renewable heat technologies among householders, communities and businesses through the provision of financial incentives. The UK Government expects the RHI to make a significant contribution towards their 2020 ambition of having 12 per cent of heating coming from renewable sources. The Renewable Heat Incentive is the first of its kind in the world. The UK Government has not yet published its proposals for how the Renewable Heat Incentive will work in the domestic sector, so there is no guarantee at this stage that anyone who is eligible for a Renewable Heat Premium Payment grant will also be eligible for the Renewable Heat Incentive. The Renewable Heat Incentive is expected to be introduces in the summer of 2014.
For more information on the Renewable Heat Incentive click here to be taken to the Department of Energy & Climate Change website
If you wish to be kept updated by Solarwall about developments with the Renewable Heat Incentive - click here to fill in our contact us form and select Renewable Heat.
*where oil/LPG/solid fuel is displaced.
