Renewable heating can be expensive to install, but, in the right properties the potential savings on fuel costs or energy bills - combined with Domestic RHI payments - can make renewable heating systems an attractive investment.
The Department for Business, Energy & Industrial Strategy (BEIS) is introducing an option to help householders and/or landlords access finance to overcome the barrier of the upfront cost of a renewable heating system.
This is called "assignment of rights" (AoR). This option allows AOS Heating the "investor" to help fund the purchase, installation and maintenance, of a household or landlord's renewable heating system.
Households and landlords are then able to assign their RHI payments to AOS Heating the "investor", who is referred to in the RHI Regulations as the "nominated" investor.
The Department for Business, Energy, and Industrial Strategy (BEIS) has announced this update to RHI, as a key method of increasing uptake.