You may be wondering whether a heat pump is worth it?
A heat pump will typically save you money over its lifetime, compared to a gas boiler. This means you can actually cut your costs by going green.
This is down to a combination of rising gas prices, the government’s Boiler Upgrade Scheme, the increasing efficiency of heat pumps, and the need to replace a boiler after 10 years – unlike an air source heat pump, which generally lasts 20 years.
Heat pumps will massively cut your carbon emissions, future-proof your house from future boiler bans, and provide you with a consistent year-round supply of heat.
Let’s look at each of these factors in turn.
Helping to navigate the changing cost of energy
Heat pumps are between 300% and 600% more efficient than gas boilers, but they’re powered by electricity, which currently costs four times more than gas in the UK.
However; it’s important to note that heat pump owners can utilise renewable energy-specific tariffs that will have you paying less overall.
The future of energy pricing is hard to predict, so it’s worth comparing your monthly electricity bills currently to a renewable energy tariff and see what savings you can expect to make.
Available grants to help lower the cost
The Boiler Upgrade Scheme is the main heat pump scheme for those in England and Wales, offering £7,500 towards the cost of £7,500.
This can significantly lower the installation cost of heat pumps.
The application for the scheme is installer-led, with the installer applying for the grant on the property owner’s behalf.
A heat pump will help you stay ahead of any potential boiler ban
It is believed that the Boiler Upgrade Scheme was created with a view to ban gas boilers however the current government has vowed to scrap this in favour of financial incentives to install low-carbon technologies, like heat pumps.
Moving to a heat pump now helps you stay ahead should any ban come into place in the future.
The growing demand and increased efficiency
The popularity of the Boiler Upgrade Scheme highlights the growing demand for heat pumps.
In fact, according to the latest figures from the government, as of November 2024, the total figure of applications since it began in April 2022 is over 62,000.
Such a big demand carries the risk of manufacturers increasing prices.
However the positive effect of a thriving market is that manufacturers are able to constantly invest in technology meaning Heat pumps are becoming more and more efficient which would net you an even higher amount of energy bill savings over a machine’s lifetime.
Our final verdict: Is a heat pump worth the investment?
Heat pumps are incredibly efficient, can cool and heat your home, and can create energy from air, ground or water – three completely renewable resources.
Plus, the Boiler Upgrade Scheme means you can save money on final installation costs, helping reduce the overall cost. There’s little work for you to do, too, as we will apply on your behalf.
At Customer Renewables, we work closely with every client to discuss their individual requirements and make sure that a Heat pump is the right choice for their home.
If you are considering a Heat pump for your property and would like some further information, you can contact us here.
*All energy and performance claims are based on our own energy assessments and live monitoring of energy consumption.
Related articles
7 Important Factors With Underfloor Heating
Underfloor heating isn't just a few pipes in the ground, there have or should have been careful planning and design gone into the system to allow it to work correctly, more so with low temperature systems and heat pumps.
What Is A Low-Temperature Heating System?
Low-temperature heating systems are where all domestic heating systems should be. It's what's required if we are to install more heat pumps but also has huge benefits to gas boiler installations.
How To Control Your Heat Pump For Maximum Efficiency
To achieve the highest Scop (efficiency) your heat pump must be running off its own controller and have limited interference from external stats.
Why Water Quality Is Important For Your Heating System
VDI 2035 isn't a common practice in the UK, We like to pride ourselves in taking those extra steps to provide quality to our heat pump and boiler installations. This means we fill to a high Standard of water parameters and try and go above and beyond to reach them this includes filling your system with demineralised water.
Why A Heat Loss Report Is Essential Before Installing A Heat Pump
The benefits and knowledge of this heat loss is invaluable to any engineer or homeowner looking at getting the maximum efficiency out of their systems and making sure that the property has the correct sized heat source and also the correct size emitter for the property to maintain the desired indoor temperature whatever the outdoor temperature.
Proof Of Efficiency With Heat Pumps
We offer all our customers the opportunity to include 'Open Energy Monitoring', this shows us their energy usages, there performances, their Cop/ Scop (seasonal co efficient performance) or in layman's terms how much electric to heat generated they are using.
Why Your New Heat Pump Is Costing You A Fortune To Run
I wouldn't be where I am today without the types of leading industry training from Heat Geek or Northampton Academy teaching correct system design especially for low temperature systems and heat pumps that run at the lower difference of temperature of 5deg.