Monday, 24 September 2012

Householders unlikely to recover solar heating installation costs for 30 years


The amount of money householders can expect to be paid for fitting "green heating" was published for the first time on Thursday, revealing most homeowners installing solar hot water systems are unlikely to recoup their initial outlay for more than 30 years.

The renewable heat incentive (RHI) will reward households for each unit of low-carbon heat generated from solar thermal panels and other renewable heating systems such as biomass boilers and ground-source heat pumps.

The scheme was due to launch this October but the government delayed it earlier this year. It will now launch in summer 2013 and the subsidy payments will be made over a period of seven years.

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