RHI SAVINGS AT THE CLICK OF A BUTTON

There’s no denying that the Renewable Heat Incentive has had a massive impact on the biomass industry – both for service providers like ourselves and for customers looking to reduce their energy bills. It’s great news that this useful scheme is set to continue beyond its expected end date, which was initially scheduled for March this year, meaning many more people will be able to benefit from cleaner and more sustainable energy. The RHI can offer fantastic returns, particularly for large-scale non-domestic applications, but it’s not always immediately clear what the cost implications and savings might be. To help make this a bit easier, we’ve launched a handy online tool to help users quickly calculate the expected return on their RHI projects.

Our easy-to-use non-domestic RHI Calculator provides a quick reference guide to expected savings and payback periods, as well as estimating the cumulative cash flow throughout the RHI period. Simply select the size of boiler, the expected usage level, the fuel type (i.e. wood chip or wood pellets) and the current fuel, such as gas, oil, LPG or electricity, then set the cost of the project using the simple slider tab. This information is then used to estimate the payback period, the net cash benefit over 20 years and the internal rate of return – all calculated instantly at the click of a button.

We hope you will find this online tool useful. However we appreciate there’s no substitute for proper one-to-one advice and guidance – which of course we are more than happy to provide! 

To try out the RHI Calculator for yourself visit www.ruralenergy.co.uk/rhi-calculator