Economics and the UK Feed-in-Tariff
The economic benefits of changing to a Kingston microCHP boiler will be determined by a number of factors:-
- Age and efficiency of the old boiler
- Annual heating demand of the property
- Difference between gas and electricity price
The example below illustrates the annual energy costs for a property with a 20,000kWh heat demand and a boiler with 75% efficiency, approximately two thirds of UK boilers have an average of 75% efficiency.
Illustration of typical UK home's energy usage and potential savings with a Kingston microCHP boiler
With a Kingston microCHP boiler the homeowner may see the following change.
These examples are indicative and for illustrative purposes only.
Feed-in-Tariff Explained
The Government has introduced a Feed-in-Tariff (FiT) or clean energy cash back scheme which pays owners of microgeneration products such as Solar PV, wind turbines and microCHP boilers to generate electricity locally. For every kWh of electricity generated you will be paid 10p for a ten year period, so for example a family house may generate 2000 kWh of electricity in a year, multiplied by 10p equals £200 paid to you by your electricity supplier each year for ten years. Furthermore, you utilise some or all of the elextricity generated, offsetting the electricity otherwise purchased from the grid. Although we believe most of the electrical energy will be used in the home, the FiT scheme deems that you will export 50% of the generated electricity, giving you a further 3p per kWh for the exported electricity.
More information on the UK Feed-in-Tariff can be found at the following link