|
How are RHI payments
calculated?
There are 3 tariff structures to
the RHI payments, based on boiler size:
|
Highest Payments |
For boilers with a max. rated
output of 200kw or under |
|
Middle payments |
For boilers with a 200-1000kw
rating |
|
Lowest payments |
For boilers with a rating over
1000kw |
Within each tariff group, there
is also a 2-tier payment structure:
Tier 1 is calculated as:
Boiler rating (kw) x 1314 (15% of the hours in a year) x tariff (at
the time of writing this stood at 8.3p per k/w)
Once the allotted 1314 hours have
been recorded on the heat meter, Tier 2 payments are applied
to any extra heat generated (at the time of writing these stood at
2.1p per k/w).
For example, if you had a boiler
rated at max. 190kw, the payments would be calculated as follows:
Tier 1: 190 x 1314 x 8.3 =
£20,721.78
The Tier 2 payment is also
potentially quite valuable. For instance, if a boiler takes 30% of
the hours in a year to reach the tier 1 limit and operates at 50% of
its rated output for the remainder of the year, the Tier 2 payment
would be worth over £12,000.
Please note that a qualifying boiler system must be
installed before an RHI application can be made. |
