Hello and welcome to the second small video on the Renewable Heat Incentive Scheme.
This one just talks about payments. As mentioned in the previous one, I have done a presentation which I am happy to send to you for free to save you the time looking into the 63 page eligibility document.
If you would like that, just email me on fiona@so-ren.co.uk.
Just to touch on payments, current tariff rates are published on ofgem's website. Pre April 2016 tariffs are adjusted in line with RPI. Post 2016 tariffs are adjusted in line with CPI.
Payments are calculated through heat demand calculations or heat demand limits, Whichever is lower.
Solar Thermal will be calculated using the estimated annual generation figure calculate by your MCS installer.
Payments for biomass systems and heat pumps will also depend on whether the heating system provides just space (room) or space and water heating.
If it generates space heating, the space heating figure from the EPC will be used.
If it provides space and water heating, the space and water heating figures from the EPC will be added together.
The payments are subject to heat demand limits in order to ensure the public purse is protected.
Solar thermal payment will continue to be based on the annual generation figure on the MCS certificate.
Payments for heat pumps will continue to be made only on the renewable proportion of the heat demand in line with the current scheme rules.
For metered payments, the payments are calculated as the tariff rate multiplied by the eligible renewable heat generated that quarter using your meter readings.
Payments will also be capped annually at the heat demand of the property stated on your EPC or the heat demand limit.
Tariffs are reviewed every 3 months and are subject to uptake thresholds.
If a threshold is reached, the tariff will reduce by 10%. If a super threshold is reached, the tariff will decrease by 20%.
For the lifetime of your RHI scheme and for the purposes of audit, you must keep copies of: your MCS installation and compliance certificate, the heat loss calculations performed by your installer, your domestic EPC, your utility or council tax bill used in your application, calibration certificates, receipts for the renewable technology, fuel receipts for biomass boilers and stoves and any other relevant information.
Desk or site audits can be carried out through out the 7 year lifetime of the scheme.
Any obstruction or avoidance will result in a breach of your obligation and eligibility.
In your annual declaration, you must confirm your permission for auditors or BEIS to access the site.
If you would like a more detailed presentation, please email fiona@so-ren.co.uk. FOC.