Investor application form
Guidance
Publication date
Scheme name
Domestic RHI
Assignment of Rights allows an investor to help fund the purchase or installation of a renewable heating system and in return receive the rights to a participant’s RHI payments.
Assignment of Rights came into effect under the Domestic RHI on 27 June (the Non-Domestic RHI is unaffected by this change). It’s intended that Assignment of Rights will replace third party financing models currently in use (this is where individuals and third parties have an agreement outside of the Domestic RHI to transfer the RHI payments to the third party).
Therefore, in the case of any renewable heating systems for which RHI applications are made on or after 27 June and for which the funding for purchase and/or installation is provided by a third party, the Assignment of Rights model will have to be used, and the third party will receive RHI payments directly from Ofgem. Heating systems accredited or for which applications were submitted before 27 June are unaffected by this change. To find out more about Assignment of Rights, see our Essential Guide to Assignment of Rights and the Factsheet: Introduction to Assignment of Rights. To register, investors will need to read the Essential Guide, complete an Investor Application Form (below) and send to Investors.DomesticRHI@ofgem.gov.uk.
How to apply
1. Before they can register, investors will need to join and comply with the terms and conditions of a Chartered Trading Standards Institute (CTSI) approved Consumer Protection Code. There are two Consumer Protection Codes available to investors for this purpose: The Renewable Energy Consumer Code (RECC); and Home Insulation and Energy Systems Contractors Scheme (HIES).
2. Complete the Investor Registration Form (below)
3. Email the following information to Investors.DomesticRHI@ofgem.gov.uk
- Your completed Investor Application Form
- The contract(s) you intend to use as part of your Assignment of Rights Agreement with scheme applicants that has been approved by the codes
- an Organisation Authorised Representative Letter (if applicable)
Post hard copies of your bank and ID information to:
Domestic RHI, Ofgem
Commonwealth House
32 Albion Street, Glasgow, G1 1LH
(Details of what we require is in annex 1 of the Investor Registration Form)
We will then check your application for eligibility against the Scheme regulations. This may take up to several weeks and we can request further supporting information if we believe it's necessary for the proper assessment of the application.
4. If accepted to become a registered investor, we’ll email you with a Unique Registered Investor Reference (URIR) and Contract ID(s).
5. You may now approach potential applicants and help fund the cost of their renewable heating system. You’ll need to use an approved contract, with a Contract ID issued by Ofgem, in your Assignment of Rights agreement.
6. When the applicant applies to the Domestic RHI, please ensure they have the following information so they can do so correctly:
- Unique Registered Investor Reference (URIR)
- Contract ID
- Information about any grants from public funds you may have received
- MCS Certificate
- Energy Performance Certificate (EPC)
- The signed contract between you and the applicant
- If the plant is required to be metered for payment, the completed Installer metering questions for biomass or Installer metering questions for heat pumps document
Please note that we may make your registration subject to further conditions where we consider it to be appropriate. We may also request supporting information if we consider it’s necessary for the proper assessment of an application for registration.
You may help the applicant apply but must not complete the application for them. Please see the Essential Guide for Applicants for more information on the application process.