Another great benefit of a Biomass heating is the eligibility for the Governments Renewable Heat Incentive (RHI). This payment incentive helps turn your green intentions into a commercially viable option, especially when combined with the year on year savings on fuel costs.
To put this into context here is a rough guide to the financial benefits of a Biomass system installed by a business to replace their outdated oil fired boiler;
|Fossil Fuel Cost p/a
|Biomass Fuel Cost p/a
|RHI Tariff p/kWh
|RHI annual Payment
|Net gain in the first year
This business expected a ROI of 5 years, with RHI being guaranteed for 20 years the Net gain is estimated to be well over half a million pounds in that time.
Do you have lots of woodland attached to your property? You could grow your own fuel and save even more money!
There are several financing options available that we can guide you through to help with installation costs.