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Well, the guy came round and we had a good chat. Very confusing though!
He specced a 28kW Trianco Greenflame external boiler. He thought we would probably use 5 tons of pellets a year, at an estimated cost of £1,000. That's for a (currently) 3 bedroomed semi detached house.
The installation cost would be £16,800. They offer a finance deal (no way could we go for this if they didn't, to be fair!), with interest working a lot like credit card interest: if you paid it back over the 10 years, you'd end up paying about £14k interest!! So what he recommended doing, was taking your quarterly RHI payments, and using those to pay the finance off within 3 years. Then, you get the remaining 4 years of RHI payments in your back pocket.
Based on his working out, we'd be looking at about £1,400 a quarter in RHI payments. £260 a month finance payments (we're currently paying £290 a month to British Gas, and most of that is for gas!), plus about £1000 a year for pellets.
We're currently oscillating between being really keen to do it, and being cagey about whether it's all too good to be true; if the numbers all work out as we've been led to believe, it's like magic money, getting paid to heat your house! Surely there's a catch..?
We've got 3 kids and a house that eats money, if we screw this up and end up with a millstone round our necks we're done for. But if it's all above board, it would be amazing. Think we need to get the bloke back round and go through it all again to make sure! |
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