Biomass boiler pays for itself with the Renewable Heat Incentive.
Biomass boiler pays for itself with the Renewable Heat Incentive.
| 7 year Return | £25,200 |
|---|---|
| Payback | 5 years (18% return) |
| Cost | £19,500 |
| Bill Saving | £700 p.a. |
| Income | £2,900 p.a. |
| Carbon Offset | N/A |
Return is calculated using combined bill savings and subsidy earnings. Bill savings are calculated using estimated energy usage and either the electricity price at the time of installation (1 April, 2014) or, for our heating products, the existing fuel type available to the property.
Following a homeowner report from the Energy Saving Trust, Mr & Mrs W contacted EnergyMyWay looking for the most cost effective heating solution for their extensive renovation project. The new domestic Renewable Heat Incentive meant they could install a carbon neutral Biomass Boiler, which would pay for itself as well as give them long-term lower cost heating.
EnergyMyWay recommended a Froling Biomass Boiler with underfloor heating complimented with a Solar Thermal Hot Water system. This confirmed the recommendations from The Energy Saving Trust and Mr & Mrs W engaged us to undertake the works.
As this was a major refurbishment, we assisted Mr & Mrs W with information and advice to ensure that the implementation of the Biomass and Solar Thermal Systems integrated with the whole project. This included a number of design changes to accommodate additional requirements and flexibility for future development. As well as the system paying for itself, Mr & Mrs W will save £700 by using renewable energy.
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