The Renewable Heat Incentive is a UK government initiative that was introduced to assist and encourage a move away from fossil fuel heating systems, in line with the stated objectives for reduction in carbon emission. The government
introduced the Domestic Renewable Heat Incentive (RHI) scheme in April 2014, and it’s the first of its kind in the world.
Those who join the scheme receive quarterly payments directly from Ofgem for seven years for clean, green, renewable heat.
By using the free, renewable energy absorbed from the sun to heat the roof sited ‘collectors’, the heat is transferred to the hot water system . While reducing the emissions created by fossil fuelled water heating systems, the advantages of some of the other forms of renewable energy are becoming more suited to our domestic settings where both space and water heating can be generated more efficiently.
You can see here the scale of each of the four energy sources by the share each have of the total number of installations so far throughout the UK.
The Assignment or Rights, A Clean Air Ventures Initiative
As an Ofgem Approved Investor, Clean Air Ventures have developed an exciting funding model designed specifically to
reduce the upfront capital cost that social housing providers face when switching to renewable heating systems.
Clean Air Ventures provides the upfront funding, and in return, the social housing provider agrees to assign the renewable heat incentive to us for the duration of the term.
By plugging in to the government and Ofgem scheme, Clean Air Ventures can, free of charge, help by first assessing your stock to establish which of the homes will benefit from switching to clean, green heating systems.
All you need to do is to contact us to arrange your free, no obligation assessment of your stock.
We will then provide a feasibility report that will show the potential energy, cost and carbon savings and the level of RHI the properties will attract. Included in this free survey will be the likely cost for installation and what, if any, contribution you, as the housing provider will be required to make.
Want to learn more?
Download a brochure or call us today for your free assessment.
Clean Air Ventures Risk Disclaimer As with any investment product there are risks. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. You should be prepared to hold Clean Air Ventures for their full term (and many will have terms of more than 15 years). Clean Air Ventures may not be readily realisable (and their value can rise or fall). They may be secured or unsecured, and where they are secured this does not ensure repayment. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each product. Consider all risks before investing and read the Offer Document for each investment.