A biomass boiler burns logs, pellets or chips, and is connected to a central heating and hot water system, providing you with a cheaper, ‘carbon neutral’ source of heating. Your new biomass system could save you nearly £600 a year, compared to oil or electric, on your energy bills. Although, this is not the only incentive, your new biomass system could also:
- Earn Money- The governments Renewable Heat Incentive (RHI) Scheme will reward all admissible biomass installations with regular tariff payments (similar to the tariff for solar) for 7 years, which will be up to £3390 per year.
- Self finance – Gas and electricity bills are probably never going to get any cheaper. But with renewable energy- your investment is safe, and your new Biomass system will have paid for itself within 4 years.
i.e: A biomass boiler of 100 kW, replacing an oil boiler would offer a total financial benefit of £418K over 20 years (including RHI and fuel savings)