How much do Air Source Heat Pumps cost in 2023?
In the long term, Air source heat pumps cost less
Initially, Air source heat pumps cost around £10,000 at first, although as with most long-term investments for your home, you have to spend your hard-earned cash up front to make a difference for the future.
However, once you’re up and running a typical air source heat pump owner can expect to cut their emissions by 44% each year (according to data calculations provided by the government and the Energy Saving Trust), since Air source heat pumps are very efficient and an incredibly renewable source of energy.
This is obviously the main reason why our government are encouraging everyone to invest in one by introducing the Boiler Upgrade Scheme, knocking £7,500 off the total cost.
Plus, by following your green energy investment you’ll also save a whopping £335 each year compared to the average gas boiler owner.
Why do Air source heat pumps cost less?
On average, a heat pump requires three times less energy than a gas boiler to do exactly the same job. If you combine a heat pump with 100% renewable electricity such as solar, it will simply pay for itself and be a totally green machine.
How long will an air source heat pump last?
A heat pump typically lasts for 20 years or more, while a gas boiler needs to be replaced every 10 years. So avoiding that extra boiler cost of around £4,000 will go toward your saving compared to gas.
There has never been a better time to consider an air source heat pump for your home, by far the best alternative on the market – and with a gas boiler ban coming soon on new homes, combined with an energy crisis currently crushing homeowners in the UK, one of the best decisions you can make to improve your home and avoid crippling bills in the future.
If you are ready to make the change and start your low carbon energy, or have any further questions before going ahead with your air source heat pump installation, get in touch with our experts who will be happy to help and provide you with the best solution for your property and a free heat pump quote.
To recap
- Air source heat pumps cost around £10,000
- The government Boiler Upgrade Scheme will discount £7,500 from the total cost
- Compared to Gas, a heat pump will typically save you £6,700 overall
(Post updated: As from Monday 23 October 2023, installers will be able to apply for new increased grant amount of £7,500, compared to the previous £5000 grant.)
