Is Renewable Heat Incentive the future?


Muhammad-Sukki, Firdaus and Abu-Bakar, Siti Hawa and Ramirez-Iniguez, Roberto and Kumar Mallick, Tapas and McLennan, Campbell and Munir, Abu Bakar and Mohd Yasin, Siti Hajar and Abdul Rahim, Ruzairi (2013) Is Renewable Heat Incentive the future? Renewable & Sustainable Energy Reviews, 26. ISSN 1364-0321

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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 (STSs). First, a short review on the UK's energy demand is provided. Then, an overview of the past and present activities related to STS installations is discussed, covering regulation, policies and programmes, research and development expenditures and implementations. A financial analysis is presented afterwards, analysing the RHI scheme, in terms of total profit, 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 an STS. From the financial analysis it is found that the RHI scheme could generate a good total profit, a high average annual return on the investment and an ‘acceptable’ payback period, depending on locations. 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 an STS on a building.

Item Type: Article
Subjects: T Technology > TD Environmental technology. Sanitary engineering
Divisions: Faculty of Engineering (FOE)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 18 Feb 2014 04:33
Last Modified: 18 Feb 2014 04:33


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