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Update – March 13

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

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Update – March 13

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  1. Update – March 13

  2. 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?

  3. Work with installers to access bulk buy discounts • Uplifted RHPP grants from the DECC • Hand-hold support in arranging quotations and deciding on installers What is theoffer?

  4. Where? On-Gas Low LSOA Off- Gas Areas

  5. Solar Thermal Technologies? Biomass Boilers Heat Pumps

  6. Over 500 hits on the website in 3 weeks • 50 People filled in ‘Expressions of Interest’ • 30 people moved into stage 2 bid Stage 1 Results

  7. 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

  8. 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

  9. Here’s how it works for an example Solar Thermal Quote: Quote Cost = £5,463 RHPP Grant = £700 Calculated energy saving = 2151 kWh per year RHI Calculation 2151 x 17.3p RHI = £372 p.a. 372 x 20 years = £7,442.4 7,442.4 - 700 = £6,742.4 6,742 / 7 years = £963.2 annual payments for 7 years. How the numbers stack up....

  10. Cost of system = £5463.36 Community Discount = £700 Cost saving per year (assuming 4 p/kWh gas) = 2151 x 0.04 = £86 RHI Payment per year = £963.2 Cost of system = £5463.36 - £700 = £4,763.36 Total 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....

  11. 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. What’s Next?

  12. Any Questions?

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