Renewable Heat Incentive to end in April 2016- Smeaton Wood Energy Guest Blog
The renewable heating industry has been warned that the Renewable Heat Incentive (RHI) is expected to end on 1st April 2016. This means that it’s effectively now or never for any business or individual looking to secure the highly lucrative RHI payments for the next 20 years.
Suitable businesses include those with high heat demands who are not able to connect to mains gas. Such business include: Hotels, pubs, factories, garden centres, office blocks, farms, etc. Even those connected to mains gas can see attractive returns.
Graham Heath Construction has been working alongside ourselves at Smeaton Wood Energy to provide cost effective and quality housing for larger biomass boiler systems. Graham Heath Construction design, assemble and maintain sheds of all shapes and sizes to meet the criteria of any Biomass Boiler project. The Biomass boiler ideally needs to be separated from the fuel store by a fire proof wall. Graham Heath Constructions concrete panels are the ideal solution for this. Additionally if a client wants a walking floor fuel feed, they can handle the complex ground works needed for this.
The Commercial RHI was launched in 2011 to incentivise businesses to install renewable heating technologies. The most successful of which has been Biomass Boilers. Biomass Boilers offer excellent returns under the RHI reaching up to 33% ROI. However, the generous incentive is funded from a pot of tax that has a bottom. Unfortunately it is being indicated that the bottom of the pot will be hit come the end of March 2016.
Smeaton Wood Energy Ltd is an experienced deliverer of Biomass Boilers and has worked hard to be able to offer a range of procurement options. If a business is not willing to invest capital into a scheme we have multiple finance packages that can allow a biomass boiler project to be cash flow positive. Further to this we even have the option for a fully funded package if needed (no capital and no repayments).
For further information about how Graham Heath Construction can help you, contact them on: 01270 781158
Posted on 28/10/2015 by GH Construction