CHARTERED SURVEYORS, LAND AGENTS, ESTATE AGENTS, COMMERCIAL AGENTS, LETTING AGENTS, RICS REGISTERED VALUERS
RH & RW Clutton welcome generous payments - July 2013

Government has annouced tariff levels of 7.3p/kWh for air source heat pumps; 12.2p/kWh for biomass boilers; 18.8p/kWh for ground source heat pumps and at least 19.2p/kWh for solar thermal.

Unlike Feed In Tariff (FIT) payments for renewable electricity, these payments only last seven years, warns Oliver; moreover, the requirement to undertake a Green Deal assessment and fully insulate the property, while best practice, may push installation costs beyond affordability, particularly on older and less well insulated houses.

The payments will be made quarterly on an estimated basis, unless the investor installs accredited meters - which will attract a further payment of £200 or more.

As under FIT, only accredited installers can undertake the work, but as in the early days of FIT there will no doubt be many sharks about.

There is plenty of time between now and the implementation of the scheme next Spring to take professional advice on what renewable system might best suit your needs, and no better place to come than RH & RW Clutton.

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