We are experts in the development and installation of renewable heating, but we are not currently working with an allocation from Rights Investors. If you are thinking of entering into an AoR agreement and you have found a designated investor, we can train you with an offer to complete your installation, subject to the terms and conditions included in your transfer agreement. It was launched in June 2018 to stop other third-party funding models with the RHI, Ofgem said. So if you`re tempted, make sure the agreement you`re considering follows the rules. This implies that all these terms are fully transparent and fully agreed on both sides. As you can infer from the complex considerations described above, it is certainly recommended to provide legal advice for the development of AoR models. The process is simple once these problems are resolved. If your designated investor has already worked on the assignment of rights, he may have done the leg work and can submit a draft model to make the process more fluid. You can find companies that help finance your renewable heating system in exchange for receiving your RHI payments.

This could make renewable heating an option for you if you can`t afford the installation fee. But there are specific rules for these types of agreements that you need to know before applying. The investor and the participant must agree on a contract to manage the transfer agreement. Ofgem will have checked the suitability in the registration process and will have checked a “standard contract” so that the investor can be registered in the system. Both parties must approve a final agreement to allow the AoR to begin. Owners should look very carefully at their contracts to ensure that they enter into an appropriate long-term agreement. These are some of the key issues that should be addressed in the development of agreement models. These considerations will ensure long-term safety. If you move home, the new owner will probably benefit from the AoR agreement. You can also change investors if all parties agree to the terms. This is something that needs to be repaired in the contractual phase. If your renewable heating system and property meet official standards and you qualify for the national RHI system, the allocation procedure is simple, although there is an additional contractual agreement to verify before moving the facility forward.

The allocation of rights facilitates the installation of heat pumps, biomass boilers and other renewable heating technologies for homeowners and homeowners. This development means that a separate investor can finance the first purchase of the system and perhaps routine maintenance (depending on the agreement). In return, the owner awards RHI payments to be paid as a form of repayment. The authorities call this a “nominated investor.” A transfer agreement (AoR) allows an investor to finance the purchase and/or installation of a renewable heating system and obtain HRI payments. The RHI operates in the same way as the feed-in tariff system and was introduced by the same legislation – the Energy Act 2008. [1] In the first phase of RHI, cash payments are made to owners who install renewable heat production facilities in non-domestic buildings: Commercial RHI. For those who install ground-based energy while the RHI is still available, RHI`s revenues will generally exceed annual operating costs: this will contribute significantly to the increase in the initial capital costs of land assets.