Update – March 13

What is it?• 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 the offer?• Work with installers to access bulk buy

discounts

• Uplifted RHPP grants from the DECC

• Hand-hold support in arranging quotations and deciding on installers

Where?

On-Gas Low LSOA Off- Gas Areas

Technologies?Solar Thermal

Heat Pumps

Biomass Boilers

Stage 1 Results• Over 500 hits on the website in 3 weeks

• 50 People filled in ‘Expressions of Interest’

• 30 people moved into stage 2 bid

• 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

• 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

Here’s how it works for an example Solar Thermal Quote:

Quote Cost = £5,463 RHPP Grant = £700Calculated energy saving = 2151 kWh per year

RHI Calculation2151 x 17.3p RHI = £372 p.a.372 x 20 years = £7,442.47,442.4 - 700 = £6,742.46,742 / 7 years = £963.2 annual payments for 7 years.

How the numbers stack up....

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

What’s Next?• 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.

Any Questions?