Wood chip boiler delivers a 19% ROI for a former cattle farm
Wood chip boiler delivers a 19% ROI for a former cattle farm
| 20 year Return | £178,000 |
|---|---|
| Payback | 5 years (18% return) |
| Cost | £48,000 |
| Bill Saving | £1,000 p.a. |
| Income | £7,900 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 October, 2013) or, for our heating products, the existing fuel type available to the property.
Chestnut Farm is a former cattle farm and the retired owner was about to embark upon a new business venture making kindling. The customer approached EnergyMyWay looking for a solution that could deliver cost effective heating for his former cattle barns, a greenhouse and two houses.
EnergyMyWay installed a multi-functional 90kW ETA Hack Biomass Boiler that runs on wood chips supplied from a local source. The system is funded by the District Heating Loan Scheme and generates £7,910 of income each year from the Government’s Renewable Heat Incentive and £1,000 worth of savings – a exceptional return on investment of 19%.
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