The Economics of Biomass

Biomass – Costs and Savings

The following installation costs are for guidance only:

Domestic Systems
Systems vary considerably depending on choice of biomass product (Log or Pellet), choice of brand, size of property (75 – 300 square metres) and its heat loss, and the complexity of an installation. Prices for Log and Pellet systems typically range from £12,000 for smaller homes to £32,000 for larger homes / more complex installations.

Commercial Systems
Commercial buildings, their complexity and heat losses will vary greatly. System prices are typically:

£600 – £1,000 per kW of output

Savings
Currently, wood pellet is approximately 30% less expensive than oil. Wood chips and logs also generally costing less than most fossil fuels to buy. The greatest savings are made through fueling chip and log boilers by harvesting direct from woodland which makes then an especially popular choice with landowners and farmers.

Incentives
The Renewable Heat Incentive scheme (RHI) could provide you with a quarterly payment for seven years if you install renewable technology to heat your home. The RHI is a government scheme which has been put in place to encourage renewable energy production so the government can hit it’s target of 12% of it’s heat produced by renewable sources.

There are two Renewable Heat Incentive Schemes currently, one for domestic renewables and one for commercial renewables. In terms of domestic, please see the guide below / opposite which will give you an indication of what you could be claiming back through RHI. You can enlarge this by tapping on it on a laptop or desktop.

If you have any questions about the Renewable Heat Incentive (RHI) Scheme or any of our other products, please do get in contact with us today.

Solar PV by Norfolk Solar

Welcome to Norfolk Solar, the premier provider of solar PV, solar thermal and electric vehicle charging points in Norfolk.

Solar PV is the greenest way to provide heating and lighting to your home. Solar panels use photovoltaic cells to convert the sun's rays into a direct current of electricity which can be used to power anything requiring electricity in your home. You are then paid for anything you do not use as it is fed back to the grid.

As of 1st January 2020, this payment is made via the Smart Export Guarantee through your electricity provider so your system actually pays you.

Solar Thermal by Norfolk Solar

You may have become a little more conscious about turning on your heating or hot water as you become more conscious of the impact our fosil fuel use has on the environment, not to mention the constantly rising cost of fuel.

Whilst being more economic with your heating use is one thing, improving your conventional heating system will go much further in saving you money and the planet.

Solar thermal uses the free and renewable energy of the sun to heat your water. A solar thermal system cannot fully replace your boiler or immersion heater, but it drastically reduces their use – by at least 65% according to some manufacturers.

Solar PV by Norfolk Solar

Welcome to Norfolk Solar, the premier provider of solar PV, solar thermal and electric vehicle charging points in Norfolk.

Solar PV is the greenest way to provide heating and lighting to your home. Solar panels use photovoltaic cells to convert the sun's rays into a direct current of electricity which can be used to power anything requiring electricity in your home. You are then paid for anything you do not use as it is fed back to the grid.

As of 1st January 2020, this payment is made via the Smart Export Guarantee through your electricity provider so your system actually pays you.

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Solar Thermal by Norfolk Solar

You may have become a little more conscious about turning on your hot water heating as you hear more about the effect on the environment and the rising cost of fuel.

Whilst being more economic with your heating use is one thing, improving your conventional heating system will go much further in saving you money and the planet.

Solar thermal uses the free and renewable energy of the sun to heat your water. A solar thermal system cannot fully replace your boiler or immersion heater, but it drastically reduces their use – by at least 65% according to some manufacturers.