By installing a ground source heat pump (GSHP) or air source heat pump (ASHP) heating system in their properties, landlords can potentially reduce both heating and hot water costs for their tenants, as well as meeting stringent government targets for all properties to become ‘zero carbon’ by 2050.
Landlords may also be eligible for a grant of up to £1250 towards the cost of installing renewable energy technology under Phase 2 of the government’s Renewable Heat Premium Payment scheme (RHPP). The scheme was revised and extended in March 2013 and the Energy Savings Trust will begin issuing vouchers under the householder extension scheme from April 2013. For further information visit www.gov.uk/renewable-heat-premium-payment.
GSHPs and ASHPs also come under the Renewable Heat Incentive (RHI), a government scheme to encourage property owners to install renewable energy equipment. The first phase of the scheme is aimed at the non-domestic sector and includes social housing schemes.
RHI offers a financial incentive for eligible renewable energy technologies for the lifetime of the installation up to a maximum of 20 years. This makes it an attractive proposition in terms of both energy savings and reduced fuel costs, both of which can be passed on to residents.