The former Department for Business, Energy and Industrial Strategy (BEIS), now the Department for Energy Security and Net Zero, introduced the Assignment of Rights option under the Domestic Renewable Heat Incentive (Domestic RHI) to help householders and organisations access finance to overcome the upfront costs of a renewable heating system. Assignment of Rights allows an investor to help fund the purchase and/or installation of such systems.
The Domestic RHI scheme is closing to new applicants at midnight at the end of 31 March 2022. All accreditation applications by new applicants for Assignment of Rights agreements must be submitted by this time. It will still be possible for investors to apply to take over existing Assignment of Rights contracts with participants, from investors who may wish to exit their agreements, up until midnight at the end of 30 June 2028.
This guide outlines the information investors and participants need to know about applying for the scheme, transferring agreements and their ongoing obligations.