SSRH and EXEED Schemes:
Supporting Businesses Interested in Investing in Renewable Energy
The Department of the Environment, Climate and Communications and the SEAI have recently announced an update to the SSRH and EXEED Schemes. These changes provide increased support to businesses looking to invest in energy efficiency and renewable heating, making it easier for them to switch from fossil fuels to renewable energy sources.
Increased Support for Heat Pump Installations
The Support Scheme for Renewable Heat (SSRH) is now offering increased support for heat pump installations, with a maximum of 40% of costs available. This represents a significant increase from the previous support level of 30%. The scheme is also open to a wider range of businesses, including those in the Emission Trading Scheme sector.
Maintained Maximum Support for Biomass Applications
Biomass applications can still receive a maximum of €3.5 million over 15 years, which is a significant amount of support for businesses looking to invest in renewable heating. The scheme has already provided 15-year biomass support tariffs to 90 installations, with 30 installations already receiving regular payments.
Simplified Evaluation and Improved Grant Economic Thresholds
The Excellence in Energy Efficient Design (EXEED) scheme has also been updated, with maximum grant funding now available for high-impact energy efficiency and renewable energy projects, up to €3 million. The evaluation process has been simplified, and there are now improved grant economic thresholds, making it easier for businesses to apply for funding.
Improved and Enhanced Application Process
The application process for both schemes has been improved, with speedier approvals and increased benefits for projects involving the electrification of heat and decarbonisation. These changes ensure that higher levels of support are available for businesses looking to invest in renewable energy measures.
These changes to the The Support Scheme for Renewable Heat (SSRH) and EXEED Schemes make it easier for businesses to invest in energy efficiency and renewable heating. With increased support for heat pump and biomass installations, simplified evaluation processes, and improved grant economic thresholds, businesses can now make larger and more impactful investments in renewable energy. By investing in sustainability measures, businesses can protect themselves from volatile fossil fuel prices, while improving their competitiveness and brand.
Why not find out if your business can benefit from making the switch to heat pumps with NRG Panel.