ASHPAM Partnered with HIES Member Air2Energy to Install Air Source Heat Pumps

ASHP Asset Management (ASHPAM) are now installing Hitachi air source heat pumps under the Government’s Assignment of Rights (AoR) Scheme with HIES* member, Air2Energy.

The Department for Business, Energy & Industrial Strategy (BEIS) Assignment of Rights (AoR) scheme can help homeowners overcome the barrier of the upfront cost of purchasing a renewable heating system, such as an air source heat pump, by introducing the Assignment of Rights.

The scheme allows for an ‘Investor’ to help fund the initial cost of installing a renewable heating system. In return, the customer would subsequently assign their Renewable Heat Incentive (RHI) payments to the ‘Investor’.

As an Ofgem ‘Approved Investor’, ASPHAM will fund the purchase and installation of air source heat pumps for customers and in return receive the rights to the Renewable Heat Incentive (RHI) payments.

Their partnership with Air2Energy, who specialise in heat pump installations, means that Air2Energy are now also installing high volumes of Hitachi air source heat pumps free of charge to customers.

Air2Energy will also benefit from receiving 25% of the RHI payments over 7 years, as well as the ongoing supply of the kit, if needed, by ASHPAM.

Martin Smith, CEO of ASHPAM, commented:

“The reason we partnered with HIES is to ensure that we had the right protection in place and would be able to use the right installers. Using accredited members of HIES consumer protection scheme to execute our vision is the safety net we need. We are looking forward to continuing to work with Air2Energy as they are producing quality work and seeing good business growth, it’s a win-win for everyone involved. We hope more installers see this success and want to partner with us. The more accredited installers we can work with, the more installations we can do to give customers air source heat pumps free of charge.”