Biomass boilers and the Commercial Renewable Heat Incentive make perfect business sense
Businesses of all shapes and sizes are starting to realise the potential of Biomass. By making the switch from oil or LPG they are not only saving thousands on their annual fuel bills but they are also profiting from the Government?s generous commercial Renewable Heat Incentive (RHI) scheme. This is all money that can be ploughed back into their business to help them grow.
Take a look at one example, Jennings of Garsington:
This Oxfordshire-based company provides a number of office units and meeting rooms on a popular business park on the outskirts of Oxford. The organisation is thriving, leasing units to small and medium-sized enterprises.
As an innovative company, Jennings approached us at EnergyMyWay to see if we could help reinforce their already well-established green credentials.
We were more than happy to oblige and not only provided a sustainable heating solution but also a way for them generate an extra income through the Renewable Heat Incentive.
Installation details: 70kW Biomass Boiler
Biomass Boiler saves £’000s for Oxfordshire business park
|20 year Return||£220,000|
|Payback||5 years (22% return)|
|Bill Saving||£2,500 p.a.|
|Carbon Offset||28,000 Kg p.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 (10 October, 2013) or, for our heating products, the existing fuel type available to the property.
This business had been using LPG for many years and had an existing fuel storage in need of repair. The size, location, and space for a wood pellet store made them an ideal candidate to switch to Biomass. The installation of their new Biomass boiler went smoothly and EnergyMyWay were able to help Jennings significantly reduce their energy bills and generate a healthy income from the non-Domestic Renewable Heat Incentive.
Jennings is a keen advocate of renewable energy and after their success with Biomass and EnergyMyWay they have gone on to work with us again, installing a 50kWp Solar PV system on the same unit, and more panels are scheduled for neighbouring business units.
Reaping the rewards from the commercial RHI payments and helping the environment ? Jennings couldn?t be happier with the outcome.
They aren?t the only ones ? our clients number dozens of businesses who have made the switch to Biomass and never looked back. They are saving money and benefiting from large quarterly payments from the RHI.
Why not find out how you too can move to renewable fuel and have your own business success story, with the help of EnergyMyWay.
To find out more about the Renewable Heat Incentive or to arrange a free survey contact your local EnergyMyWay
Or call 0845 371 3181 or email@example.com