Posted by Matt Smith on 15th Dec 2016 under RHI Scheme
The Renewable Heat Incentive (RHI) scheme is a financial incentive for businesses and domestic users of renewable energy systems. The scheme was put in place in April 2014 and allows users of renewable systems to claim back funds over a period of seven years. So far the scheme has supported thousands of people with installing renewable systems and helped to promote renewable energy across the UK.
The Department for Business, Energy & Industrial Strategy (BEIS) has now announced an ‘Reformed Scheme’ to help deliver better value for money and support the growing renewables market. The scheme was announced on 14th December 2016 and will come in to force in the Spring of 2017.
Below is a list of the reforms which you will need to be aware of if you decide to apply for the RHI scheme in the future.
If you do apply for the RHI scheme between the 14 December 2016 and Spring 2017, then you will be eligible for the uplifted tariff rates which will be automatically applied when the changes come in to effect
Find out more about the changes to the RHI scheme.