Gaining HIES Consumer Code accreditation was the penultimate step for ASHP Asset Management in completing their application to become an Ofgem ‘Approved Investor’ under The Government’s Assignment of Rights (AoR) Scheme. As an approved investor, ASHP Asset Management will be able to fund the purchase and installation of a renewable heating system for customers and in return receive the rights to a participant’s Renewable Heat Incentive (RHI) payments.
Martin Smith, CEO of Dynamis Associates, commented, “We’ve had a challenging but exciting 18 months and since working with HIES, we now feel we’re a step closer to securing Ofgem approval. It was a no brainer when it came to choosing which Chartered Trading Standards Institute (CTSI) approved consumer protection code to support our plans. We wanted to offer end to end complete consumer protection and it was only HIES that could help us achieve that. We knew HIES would put us to the test, we knew their accreditation process would ensure we had the right procedures in place, and we are delighted to become HIES’ first ever approved ‘Investor Affiliate Partner’.”
To help deliver a cheaper, natural source of energy for consumers, ASHP Asset Management is now seeking to grow its renewable installer network. They are looking for experienced, reputable installers who have the capacity, infrastructure and ambition to install ‘high’ volumes of air source heat pumps.
Martin Smith continued, “We genuinely believe that this is an excellent proposition for installers and customers alike. Anyone currently fitting air source heat pumps would be naive not to consider the unique business model we can offer and we’re asking installers to get in contact to register their interest.”
Ciarán Harkin, Managing Director of QASSS, commented, “We are really pleased to announce ASHP Asset Management as our first sole Investor Affiliate Partner. Previously we have struggled to see where the return on investment would come from for all parties, which makes us nervous as a consumer protection organisation, as we know the customer always suffers in that situation. However, we genuinely believe that the business case that ASHP Asset Management is presenting is secure.”
Ciarán continued, “We are confident ASHP Asset Management has the infrastructure and backing to make a huge impact in the renewables market and are genuinely committed to giving consumers a better deal. It is great to work with a partner who supports our overarching vision to transform consumer protection in the home energy market”
Installers can register their interest in becoming an approved installer under the Assignment of Rights here http://tiny.cc/AoR-Interest working with ASHP Asset Management and HIES.
What is the Assignment of Rights?
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 air source heat pump, by introducing the Assignment of Rights. The scheme which came into force on the 27th June 2018 allows for an ‘investor’ to help fund the initial cost of installing a renewable heating system. In return, the homeowner would subsequently assign their Renewable Heat Incentive (RHI) payments to this ‘investor’. The Renewable Heat Incentive (RHI) scheme, provides householders with quarterly payments if they install and use eligible renewable heating technology. The homeowner should then benefit from a reduction in heating costs and would also be the owner of the system for the lifecycle of the technology installed. An applicant to the scheme can be a householder, landlord or social landlord.
For more information on the Assignment of Rights please read our article: Assignment of Rights: What’s It All About?
Who is ASHP Asset Management/Dynamis Associates?
ASHP Asset Management (ASHPAM) Ltd is wholly owned by Dynamis Associates. Dynamis Associates is a company specialising in the installation of renewable technology in the UK. The team behind Dynamis have over 20 years of combined experience in providing cleaner, greener energy bill reducing solutions specifically for the domestic market.
ASHPAM are working towards securing Ofgem approval as an ‘Approved Investor’ to install Air Source Heat Pumps in homes across the UK free of charge. Consumers will receive benefit from free installation and a reduction in their energy bills and in return allow ASHPAM to receive their government Renewable Heat Incentive (RHI) payments. All installations will be carried out by HIES approved installers. ASHPAM will also be offering full seven-year parts and labour warranty for every installation completed as well as an optional annual service and maintenance package for the customer to ensure complete peace of mind.
Who is HIES?
The Home Insulation and Energy Systems Contractors Scheme (HIES) is a consumer protection organisation covering the installation of renewable energy products. HIES ensures that consumers are dealt with professionally, courteously and sympathetically. Any products installed by HIES Members must be fit for purpose, installed professionally and come with comprehensive guarantees which are covered by specialist insurance providing consumers with a high level of protection. HIES is supported and endorsed by consumer champions Nick Ross and George Clarke.
HIES also believes that consumers should have free access to robust dispute resolution and therefore provides consumers with free Mediation, free independent inspections to assist with installation or product malfunctions (at HIES’ discretion) and FREE access to an independent Ombudsman to help resolve any issues that may arise.
To that end, the HIES Scheme Rules and Code of Practice is a stringent set of rules that members must always adhere to in their dealings with consumers. HIES Code is approved by The Chartered Trading Standards Institute.