Thanks to the Government’s Renewable Heat Incentive (RHI) scheme, it’s now possible to earn hundreds and even thousands of pounds by producing your own renewable heat.
The scheme will pay out for seven years from the date you register your biomass boiler at a rate of 12.2p/kWh.
There is a calculation to work out how much your biomass boiler would earn you:
Install a biomass boiler (tariff rate is 12.2p/kWh) in a home with expected heat demand of 18,000kWh (15,000 for space heating, 3,000 for water heating).
The calculation is 18,000 x 0.122 = £2,196 RHI payment per year. For 7 years = £15,372