Biomass Partners purchase and install the biomass boiler and ancillary equipment.
The customer enters into a 5 year heat supply contract with BPUK Limited for supply of hot water for their heating systems and other hot water requirements.
The customer immediately gains from the reduced cost of heating with wood pellets compared to domestic heating oil or LPG. The customer pays a deposit equivalent to half their annual fuel bill.
This money is treated as prepayment and is offset in full against the customer’s heating and fuel bills.
Depending on the total cost of the installation, BPUK will begin to share the RHI with the customer after 3-5 years.
The initial rebate will be 10% and rises annually to 75% in the final year.
The total value of rebates and fuel savings over the period of the RHI may well exceed total energy costs that would have been made using the existing oil or LPG boiler.
At the end of the period the ownership of the boiler is transferred to the customer.