Has your LPG, OIL or Electric Supplier ever given you money back?
Our client has changed his LPG boiler, got rid of his Bulk LPG storage tank, will save £17,976.00 on LPG over the next 7 Years and will also receive £5,728.60 back from the Government!!!
“The Domestic Renewable Heat Incentive (RHI) is a government financial scheme to promote the use of renewable heat. The Department for Business, Energy & Industrial Strategy (BEIS), formerly known as The Department of Energy and Climate Change (DECC), develops the scheme policy and rules. Ofgem implements and administers the scheme.”
Q: So, what could you do to dramatically reduce the cost of your fuel bills and start seeing a return on investing in Renewable Energy?
A: Install an Air Source Heat Pump and remove the need for expensive fuel bills from Oil, LPG or Electrical energy suppliers.
As an Example, from one of our latest installations and utilising the tools available online, this is how the figures stack up, we have input some important web addresses for you to look at which confirms the following:
(The tools are available for anyone to use and the links have been provided below)
Our client’s property was a pre-1930’s stone built, none filled cavity three bedroom detached house.
- The client was paying £320.00 per month for his LPG fuel delivered each month.
- His annual LPG fuel bill cost was around £2,860.00
- The Mitsubishi ECODAN ASHP uses only Electricity, the annual electricity bill to run this is £1,280.00, this will run his heating and hot water. This is approximately £106.00 per month giving the client a saving of £214.00 pounds per month!
- The total cost to the customer for the Air Source Heat Pump (including controls installation, Electrical Works and all ancillary equipment) was £7,000.00
- The client took out a loan to the value of £7,000 at 9.9% APR. This meant the total cost of credit repayable was £9,651.52
- The client’s monthly finance repayments over 7 years are £114.90
- The RHI payment that the client will receive from the government every 3 months for 7 years is £549.29, which equates to £183.10 per month
- The client pays his loan – £114.90 each month and still has £68.20 of his RHI left for anything he wants to spend it on
Totals in Summary
- Total Cost of materials an installation £7,000.00
- Total cost to client if paying by finance for 7 years £9,651.52
- RHI total for the 7 years £15,380.12
- Summary Total – RHI for the 7 years is estimated at £15,380.12 less the total cost of materials, installation and finance arrangement £9,651.52 = £5,728.60 left over for whatever you like!
- Saving for just changing from LPG to Renewable Energy over 7 Years £17,976.00
- So, the client at the end of the 7-year period will be better off by £23,704.60, this includes the return from the Governments RHI payment.
- Based on a 25-year lifespan of the ASHP that’s a colossal £69,928.60 saving. However, if the client had of decided to use his own funds as an investment he would’ve save the interest on the loan too, an extra £2,651.52
For more information on next steps and links to useful information that will help you make your decision, including testimonials from clients who have opted for an Air Source Heat Pump please continue to read on, the testimonials are impartial to our company and are located on the link further on in this information, the link is to the Governments Ofgem website.
- Income through the UK government’s Renewable Heat Incentive (RHI)
- Exceptionally lower energy bills
- Extremely beneficial to those with Oil, LPG or Electrical Heating Systems
- If you’re an Oil or LPG customer, then you can get rid of the tank. Eliminating the need for fuel deliveries and expensive fuel.
- Delivers both heating and hot water
- Easy to Install
- Minimal maintenance required
- Maximum Lifespan of an ASHP is 25 years, compared to the 10 years of a gas boiler
How do they work?
In brief, not trying too hard to over complicate the technology here goes….
“Air Source Heat Pumps absorb heat from the outside air. This heat can then be used to heat radiators, underfloor heating systems, or warm air convectors and hot water in your home.
An air source heat pump extracts heat from the outside air in the same way that a fridge extracts heat from its inside. It can get heat from the air even when the temperature is as low as -15° C. Heat pumps have some impact on the environment as they need electricity to run, but the heat they extract from the ground, air, or water is constantly being renewed naturally.” http://www.wygs.co.uk/air-source-heat-pumps/
Unlike gas and oil boilers, heat pumps deliver heat at lower temperatures over much longer periods. During the winter, they may need to be on constantly to heat your home efficiently. You will also notice that radiators won’t feel as hot to the touch as they might do when you are using a gas or oil boiler, but this doesn’t matter as the temperature of your property will still be as high as it was with your old, gas guzzling boiler.
“One key factor not to be overlooked and to form part of your consideration, your current GAS, OIL or LPG Boiler will usually have on average a lifespan of 10 years, compared to the lifespan of an Air Source Heat Pump which is 20 – 25 Years!!!”
Watch this short Video from Mitsubishi ECODAN, it’s a great video explaining exactly what the Air Source Heat Pump does, and the issue with fuel costs. https://heating.mitsubishielectric.co.uk/downloads/Pages/Video_Ecodan_for_Homeowners.aspx
Take a look at the Energy Savings Trust website for more information on Air Source Heat Pumps. http://www.energysavingtrust.org.uk/renewable-energy/heat/air-source-heat-pumps
Four Simple Steps:
Step 1 – Survey
Well to start with we would arrange a free, no obligation Energy Performance Survey and Technical Survey. This is to ascertain whether an Air Source Heat Pump is the right renewable energy for you and your property and to ensure we have somewhere outside to install it.
Don’t worry about anything being changed in the property, all we have to do is connect on to the heating pipes. We generally don’t have to touch anything within the property other than where the boiler or tank is located, so no worry about loads of upheaval or mess.
We then put together our survey, show you the results and explain how it all works.
Step 2 – Payment Options
Chooses how to pay for the Heat pump installation, we have several options:
Finance the cost: The Renewable Heat Incentive (RHI) payments you get will cover the cost of the Finance and we will help you to make sure that your RHI payments tie in nicely with the loan repayments. http://www.wygs.co.uk/finance-options/
Pay for it outright: This is probably not the easiest method for everyone, but it is an investment. This way, whatever is returned through the RHI payments is totally yours and you will save on the interest of a loan.
We can install them FREE of charge (or should we say for £1.00): This would be your only cost and investment into the renewable technology. The private investor then receives the RHI payments from the government and you get the saving from not having to pay for Gas/LPG/Oil/Electric Heating or the replenishment of your LPG or Oil tank every month.
Step 3 – Installation
We will install the Air Source Heat Pump as per survey and discussion at the outset. We will then compile all the correspondence required to register for Guarantee and guide you through your application for RHI payments from the government.
Step 4 – RHI
You start to receive your quarterly payments from the government. As well as, watching your gas/oil/LPG fuel bills vanish. You will only be left with an electric bill. On average, for every 1kW of power put into the pump you get 3.5kW back – efficiency wise that’s fantastic.
Taken from the Governments website OFGEM here’s what one of many Customers who have had an Air Source Heat Pump Installed think:
“We chose air source heat pump technology because we were looking to renew our outdated heating system and heard from a friend that this was an economical renewable heating source that required very low maintenance. We had electric storage heaters which were very expensive and did not heat the house very well and an immersion heater to heat the hot water. The air source heat pump is far superior to the old electric storage heaters. The house is warm and the costs are reduced.
Our installer informed us about the Domestic RHI and from beginning to end the application process was quick and easy. When I phoned the helpline everyone was extremely helpful, well informed and friendly. I couldn’t fault the process or the people at Ofgem. The My RHI online service is fantastic informing you of your payment schedule for the next seven years.
We would have no hesitation in recommending a renewable heating technology to friends and family and we would also let them know about applying for Domestic RHI as this is a great help for anyone wishing to install this type of heating system in their homes.”
If it’s hard to believe that The Government pay you back every 3 months for 7 years for having a form of Renewable Energy Installed, then look for yourself on the Government’s Website – Ofgem. https://www.ofgem.gov.uk/environmental-programmes/domestic-rhi/about-domestic-rhi
So, when you’ve had the chance to really consider the benefits of renewable energy, come back and see us. All you must do now is click on the link below and we will call you. Seeing is believing and believe me if you have LPG, Oil or Electric Storage heaters then you really don’t want to waste any more time or money, so get in touch: http://www.wygs.co.uk/contact/