The emphasis from central Government is shifting away from providing loans for biomass installation, to providing funds to encourage use of biomass fuels.
The major initiative is called Renewable Heat Incentive (RHI) and can provide finance to bring capital expenditure payback down to 4 or 5 years. However the initial capital cost can be met by other routes.
Energy Supply Arrangements (Esco)
Rural Energy is able to provide Esco arrangements for certain biomass heating projects. Essentially, the ownership of a biomass heating system remains with Rural Energy and the user makes payments for the use of the biomass heating system, thus avoiding the initial capital cost. Arrangements can be customised for the client's needs and can include the supply of wood fuel with payments being made on the basis of heat purchased.
Contact us for more details.