Renewable Heat Funding for Social Housing Providers

Clean Air Ventures have developed a new funding model designed specifically to reduce the upfront capital cost that social housing providers face when planning to switch to either Air of Ground heat pump systems throughout your housing stock.
It is an innovative and practical financial system that can help you easily overcome the challenges of having sufficient funds upfront to enable switching to renewable energy fuelled domestic heating and water systems by making use of your projected RHI

There are many benefits to switching your housing stock to renewable energy, including reduced energy bills for your tenants, and at the same time upgrading heating systems to use the latest technology will easily make a changeover worthwhile for you.

By helping to remove this upfront financial barrier, Clean Air Ventures, in association with Ofgem, are also helping towards the government commitment to reduce carbon emissions.

By plugging into the government and Ofgem scheme, Clean Air Ventures help free of charge by using our funding model to first assess your stock, to establish which of the homes will benefit from switching to the new technologies.

What is the Renewable
Heat Incentive?

The Renewable Heat Incentive is a UK Government scheme aiming to encourage uptake of Renewable Heat Technologies amongst householders, communities and businesses through financial incentives, and contribute towards the 2020 ambition of 12% of heating coming from renewable sources)

Making the Switch
to Renewable Energy

The Department for Business, Energy & Industrial Strategy (BEIS) has introduced an option to help householders and organisations access finance to overcome the upfront costs of a renewable heating system. This is called ‘Assignment of Rights’ and allows an investor to help fund the purchase and/or installation of such systems.

It is called the ‘Assignment of Rights’ because you the customer will assign the rights to the Renewable Heat Incentive to us, Clean Air Ventures.

Why is it important?

By making the switch to renewable energy, you’re doing your bit to decrease carbon emissions and contribute to a cleaner and greener future.

With the help of our funding, we can increase the number of renewable heating systems being installed in the UK, making heat pumps a more affordable option for many homes nationwide.

Ultimately, the more people we can help make the switch, the better it is for climate change – and our planet.

Download the Renewable Heat Funding for Social Housing Providers Essential Guide

All you need to do is to contact us to arrange your free of charge 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 your 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 towards it.

Here's how it works

10 steps to Clean, Green Heat

STEP 1

Apply now and one of the Clean Air Ventures team will be in contact to run through a few simple eligibility checks and to confirm how much funding you could be eligible for

STEP 2

You will then receive a proposal for the supply and installation of your renewable heating system from a Microgeneration Certification Scheme (MCS) Approved Installer.

STEP 3

Now you can apply for your Renewable Heat Funding with Clean Air Ventures, in order to complete the application you will need the proposal provided to you by your MCS installer and an Energy Performance Certificate (EPC) Dated within the last two years.

STEP 4

Once we have completed our checks, we’ll confirm how much Renewable Heat Funding you’ll receive, If you are happy with the funding you will be sent your funding agreement to sign.

STEP 5

Once the paperwork has been completed you will be sent your Renewable Heating Funding voucher which you provide to your chosen MCS installer.

STEP 6

Your MCS installer completes the installation.

STEP 7

You apply for the Renewable Heat Incentive including assigning Clean Air Ventures as your Ofgem Approved Investor.

STEP 8

You provide Clean Air Ventures with the invoice from your nominated MCS installer and confirmation that you have a service and maintenance agreement in place for your new heating system.

STEP 9

We complete a few final checks.

STEP 10

We release payment to your chosen MCS installer on your behalf for the agreed funding amount.

Introduce renewable energy

The race to replace fossil fuel with a credible alternative renewable energy source has itself heated up in recent years. Domestic space and water heating are part of an already huge and growing industry sector where technological advances are being made in developing now tried and tested systems ready for installation.

Types of renewable energy systems

Four kinds of renewable energy have emerged and are now part of the Renewable Heating Incentive (RHI) scheme.

First, the Air Sourced Heat Pump System is by far the most suited for installation into domestic settings.

Next, as an alternative, but less suited for the same setting, heat can be generated and circulated underground using a Ground Sourced Heat Pump System.

Thirdly, and using perhaps more familiar looking equipment is the Biomass boiler but instead of burning fossil fuel, uses a variety of sustainable sources to fuel heat generation.

The last of the four alternatives within the RHI
scheme is Solar Thermal energy.

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.

Cost savings with renewable energy

Even after taking account of the electricity ASHPs need to operate, the energy extracted from the environment is in the form of renewable heat and the resulting heat output is greater than the electricity input. Even with outside temperatures as low as -15°c, an ASHP can absorb enough energy to heat a domestic home space and water.

Installation of a standard ASHP space and water heating system into an average four-bedroom detached UK home typically will cost between £5500 and £7500. Running costs will vary of course depending on factors such as the level of insulation and the room temperature settings used, the chosen method of heat distribution (underfloor or radiators), where savings can be made.

When replacing an old and inefficient system with an air source heat pump, homes/tenants are likely to see a reduction in the fuel costs of up to £425pa. A significant reduction in carbon emissions can also be expected when a new pump replaces an old inefficient system.

Replacing a gas system would see annual savings of up to 4750Kg and replacing a similar aged oil system as much as up to 7600Kg.

A successful application for the RHI scheme could mean a repayment of up to £1500 a year. *This data can be found on the website of the UK Energy Saving Trust
www.energysavingtrust.org.uk

By using your existing procurement frameworks for the supply and installation of retro-fit systems carried out by an MCS Certified Installer using MCS Approved equipment (and in line with MCS standards), you will be able to apply for Ofgem Accreditation. Once accredited, Ofgem will release RHI payment to Clean Air Ventures, as their approved investor.

Ready to make the switch to renewable heating?

 Find out how much funding you are eligible for.