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

doi:10.1109/PECon.2012.6450290

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 proceeding › Conference 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 language	English
Title of host publication	2012 IEEE International Conference in Power and Energy (PECon)
Pages	626-631
Number of pages	6
ISBN (Electronic)	978-1-4673-5019-8
DOIs	https://doi.org/10.1109/PECon.2012.6450290
Publication status	Published - 2 Dec 2012

Keywords

solar energy
solar thermal system
renewable heat incentive

Documents and Links

10.1109/PECon.2012.6450290

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

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{\textquoteright}s energy demand is provided. Then, abrief 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 {\textquoteleft}acceptable{\textquoteright} payback periods. As a result, it could increase the penetration of solar thermal systems in the UK. Significantreductions of carbon dioxide emission can also be achieved by installing a solar thermal system on a building.",

keywords = "solar energy, solar thermal system, renewable heat incentive",

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

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doi = "10.1109/PECon.2012.6450290",

language = "English",

isbn = "978-1-4673-5017-4",

pages = "626--631",

booktitle = "2012 IEEE International Conference in Power and Energy (PECon)",

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Renewable heat incentive for solar thermal systems in the United Kingdom : the next big thing? / Abu-Bakar, Siti Hawa Binti; Muhammad Sukki, Firdaus; Ramirez-Iniguez, Roberto; Burek, Stanislaw; Mallick, Tapas Kumar; McLennan, Campbell; Munir, Abu Bakar; Mohd Yasin, Siti Hajar.

2012 IEEE International Conference in Power and Energy (PECon). 2012. p. 626-631.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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AU - Ramirez-Iniguez, Roberto

AU - Burek, Stanislaw

AU - Mallick, Tapas Kumar

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AU - Munir, Abu Bakar

AU - Mohd Yasin, Siti Hajar

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AB - 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, abrief 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. Significantreductions of carbon dioxide emission can also be achieved by installing a solar thermal system on a building.

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