How much money can you earn from heating you home?
Government Funding – The Renewable Heat Incentive (RHI)
Is a government funding mechanism to encourage the installation of heat pumps for those wishing to replace their existing Gas, LPG or Oil boilers. The RHI funding is payed over seven years on a quarterly basis. The total amount received is based upon the Space Heating and Water Heating demand figures (KWH per year) that are shown on your Energy Performance Certificate (EPC), as shown below. There may be instances that your system will be metered for payments instead of the EPC figures; we can guide you on this.
For a full explanation of the RHI, please click on the video link below. Ultimately, it means you can earn a fixed income for every kilowatt of heat you produce. To get an indication of the Renewable Heat Incentive (RHI) payment you may be entitled to, the fuel cost savings you might make and the payback period for your capital investment in a heat pump, please use the Instant Heat Pump Quote.
Frequently Asked Questions
“How many running hours for space heating is the calculation based on?
It is based on 1314 hours annually for space heating.
“What are the running hours for hot water?”
This is calculated using the method as stated in MIS3005 (Microgeneration Certification Scheme guideline document).
“What is the design flow temperature?”
This is based on 45°C flow prior to a full MCS design & knowledge of your emitters.
“What heat emitter guide rating is it based on?”
Based on the design flow of 45°C it would calculate to a 4 Star rating.
“What SPF (seasonal performance factor) have you assumed?”
Based on the 45°C flow the SPF for an ASHP would be 3.0 and for a GSHP, 3.7.
“The cost of boreholes seems excessive?”
his may be the case but we have designed to a worst case scenario under MCS guidelines (MIS3005). The final meterage may well be shorter following full design, which would in turn reduce the cost. Our dedicated page on the cost of boreholes explains more.
“What type of heat pump have you priced for?”
We have used MCS approved products from approved manufacturers to give an Indicative installation cost. The final choice of make & model will increase / decrease this slightly.
“Does the installation cost include for an upgrade of the whole heating system?”
No, we have covered a few issues that you will encounter but not the cost of replacing some / all of your emitters (radiators). In the case on some retrofit schemes replacement of emitters may be necessary. More information can be found on our dedicated page.
“Not all ground conditions are the same, what Lambda value (Wm/K) are the length of collectors based on?”
We have assumed a generic 1.7 for horizontal & 2.4 for vertical but would advise a geological survey in advance of installation.
“How have you determined the heat loss of my building?”
We have assumed guideline values based on the age of property and that RHI criteria regarding loft & cavity (if applicable) insulation have been adhered to.