Update – March 13
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Update – March 13
description
Update – March 13. DECC funded project to encourage Renewable Heating uptake through community groups TTM were one of 42 groups chosen across the UK Tight deadlines – 6 weeks to set up, promote and sign up people. What is it?. Work with installers to access bulk buy discounts - PowerPoint PPT Presentation
Transcript of Update – March 13
Update – March 13
What is it?• DECC funded project to encourage Renewable
Heating uptake through community groups• TTM were one of 42 groups chosen across the
UK• Tight deadlines – 6 weeks to set up, promote
and sign up people
What is the offer?• Work with installers to access bulk buy
discounts• Uplifted RHPP grants from the DECC• Hand-hold support in arranging quotations
and deciding on installers
Where?
On-Gas Low LSOA Off- Gas Areas
Technologies?Solar Thermal
Heat Pumps
Biomass Boilers
Stage 1 Results• Over 500 hits on the website in 3 weeks• 50 People filled in ‘Expressions of Interest’• 30 people moved into stage 2 bid
• Solar Thermal – 9 forms completed, Quotes provided to British Eco who won the tender. Installations need to be completed by 31st March
• Heat Pumps/ Biomass – 9 people interested in obtaining quotes. Suppliers have visited and quotes being finalised.
Stage 2 Update
• Green Deal – Assessments being undertaken for a few example properties to assess what else can be done to save energy.
(Some still available if anyone is interested?)
Stage 2 Update
Here’s how it works for an example Solar Thermal Quote:
Quote Cost = £5,463 RHPP Grant = £700Calculated energy saving = 2151 kWh per year
RHI Calculation2151 x 17.3p RHI = £372 p.a.372 x 20 years = £7,442.47,442.4 - 700 = £6,742.46,742 / 7 years = £963.2 annual payments for 7 years.
How the numbers stack up....
Cost of system = £5463.36Community Discount = £700Cost saving per year (assuming 4 p/kWh gas) = 2151 x 0.04 = £86RHI Payment per year = £963.2 Cost of system = £5463.36 - £700 = £4,763.36Total revenue over 7 years = (963.2 + 86) x 7 = £7,344
Payback in 4.5 years. Extra earnings over 7 years = (7,344 - 4,763) £2,581 (not including energy prices rises).
How the numbers stack up....
What’s Next?• Solar Thermal – Installations by 31st March.
• Heat Pumps/ Biomass - Finalise quotations and support decisions on installations by 31st June.
Everyone needs to complete a grant form before starting installations.
Any Questions?
