Renewable heat incentive for solar thermal systems in the United Kingdom: the next big thing?

Siti Hawa Binti Abu-Bakar, Firdaus Muhammad Sukki, Roberto Ramirez-Iniguez, Stanislaw Burek, Tapas Kumar Mallick, Campbell McLennan, Abu Bakar Munir, Siti Hajar Mohd Yasin

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Abstract

    This paper focuses on the renewable heat incentive (RHI) scheme in the United Kingdom (UK); and in particular, on its implications in relation to solar thermal systems. First, a short review on the UK’s energy demand is provided. Then, a
    brief explanation of solar thermal systems is presented, followed by a detailed description of the renewable heat incentives. A financial analysis is presented afterwards, analysing the impact of the RHI scheme to the applicants, in terms of payback period and average annual return on investment. This is based on installations of different sizes and at various levels of solar insolation. The analysis also presents the reduction of carbon dioxide emissions that could be achieved by installing a solar thermal system. From the financial analysis it has been found that the RHI scheme could generate moderate average annual returns on investment and ‘acceptable’ payback periods. As a result, it could increase the penetration of solar thermal systems in the UK. Significant
    reductions of carbon dioxide emission can also be achieved by installing a solar thermal system on a building.
    Original languageEnglish
    Title of host publication2012 IEEE International Conference in Power and Energy (PECon)
    Pages626-631
    Number of pages6
    ISBN (Electronic)978-1-4673-5019-8
    DOIs
    Publication statusPublished - 2 Dec 2012

    Keywords

    • solar energy
    • solar thermal system
    • renewable heat incentive

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