The Department for Business, Energy & Industrial Strategy has announced further COVID-19 related extensions to the non-domestic Renewable Heat Incentive (RHI). This is to cover non-Tariff Guarantee (TG) participants who have already committed funds to the project (prior to the 17 August 2020).
This extension will allow participants to apply for an 'extension' application prior to the closing of the non-domestic scheme, on the 31 March 2021. Therefore, giving them an additional six months after scheme closure (up until the 30 September 2021) to submit a properly made full application for accreditation.
To apply for the ‘extension application’, the following requirements will need to be evidenced:
- The applicant has invested capital in the project prior to 17 August 2020
- Provisional schematics
- Heat Loss Assessments
- Intended heat uses
It is intended that tariff rates will be set as of the date of application for an extension application. As with the 3rd allocation of TG’s, it is intended that payment windows will open at the point of scheme closure, but payments will only begin once a properly made full application for accreditation is submitted. Payments will end on 31 March 2041.
For more information:
NFU Energy
024 7669 6512
www.nfuenergy.co.uk