Getting a Mass of Useful Returns

12 February 2016 | Updated 01 January 1970

As the biomass heating industry cautiously welcomes the recent reprieve of the Renewable Heat Incentive (RHI), the newly updated Rural Energy website now has a non-domestic RHI Calculator to provide what is claimed to be a quick reference guide to expected savings and payback periods as well as estimating the cumulative cash flow throughout the RHI period.

The calculator allows users to select the size of boiler, expected usage level, fuel type, i.e. wood chip or wood pellets and the current fuel, e.g. gas, oil, LPG or electricity. The cost of the project is also selected using a simple slider tab.

This information is then used to estimate the payback period, net cash benefit over 20 years and the internal rate of return; all calculated instantly at the click of a button.

“The RHI makes accessing biomass energy simpler and more affordable for a wide variety of large-scale applications but it’s not always immediately clear what the cost implications and savings might be,” explained Paul Clark, MD, Rural Energy. “Our aim with the RHI Calculator was to create a handy reference tool that could give a quick insight into these questions. Of course there’s no substitute for proper professional advice and guidance which we are more than happy to provide.”

In addition to supplying 100% RHI compliant Herz biomass products, Rural Energy’s service can include full system design using integrated meters, advising on specific RHI applications and installation and commissioning completed by engineers trained in RHI meter installation.

Picture: An online calculator for RHI is now available from Rural Energy

Article written by Mike Gannon | Published 12 February 2016