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How Much Does A Heat Pump Cost?

If you live in the UK, you’ll know that the cold weather we experience on a regular basis makes having an effective central heating system absolutely necessary for comfortable living. 

But the cost of heating your home can be rather expensive.

Luckily, there are quite a few options available to you that are relatively affordable and easily accessible. In this article, we’ll be looking specifically at heat pumps, the benefits they offer, and the costs involved.

What Is A Heat Pump?

A heat pump is both a heating system and a cooling system. A heat pump’s main function is to transfer thermal energy between different spaces (usually between the outside of a building and the inside of a building). 

There are three primary types of heat pumps, namely:

  • Water source heat pumps
  • Air source heat pump
  • Geothermal heat pumps

The most popular choice in the UK is air source heat pumps as they are very effective as well as less expensive. Air source heat pumps are the type that we’ll be focusing on in this article.

How Much Does A Heat Pump Cost?

When weighing up the cost of a heat pump, you should consider the cost of the device itself, its installation, and maintenance costs. 

Heat pumps come in a wide range of different sizes and brands, so the cost of the device can vary. In the UK, you can pay anything from £4,000 to £8,000, depending on what size, model, and brand you go for.

The installation and maintenance costs involved with air source heat pumps are relatively inexpensive, especially when compared with water source heat pumps. The installation cost of an air source heat pump is usually around £1,600 – £3,100, while the installation of a water source heat pump can cost between £5,000 – £10,000. This is quite a significant difference.

That being said, the initial costs involved with the supply and installation of heat pumps are generally a bit more pricey than other options such as gas boilers. So what is the advantage that heat pumps offer? Let’s get into that next.

Heat Pump Benefits

Once the cost of the product and the installation costs are out of the way, you can look forward to very little maintenance as well as reduced energy bills. Air source heat pumps are an investment that really pays off over time. The other reason why so many people choose air source heat pumps over other heating system options is that they are an environmentally friendly option and significantly lower your carbon footprint. 

What Factors Affect The Overall Cost Of Your Heat Pump And Your Heat Pump Installation?

So far, we have only given rather broad approximations of how much a heat pump costs to have a heat pump installed in your home. There are many factors that affect the final price, including:

  • Your location – If you live in a rural or remote area, the call-out fee could be higher when it comes to the installation cost.
  • Size of your property – The bigger your property is, the more powerful you will need your heat pump to be, which can also push up the price.
  • Room temperature – If you want a significantly higher room temperature, then you’ll also need a more powerful heat pump, which will be more expensive.
  • The heat pump brand – There are many different brands to choose from, and each brand will have a different price range.
  • Insulation – If your home does not have a proper insulation place, your heat pump will need to work a lot harder, which will raise your energy costs.

What Is The Clean Heat Grant?

The Clean Heat Grant became effective as of April 2022. It was introduced to assist homeowners in investing in green energy solutions, such as heat pumps, and to help lower emissions in the UK. This grant has replaced the financial subsidy known as RHI (Renewable Heat Incentive). If your application is successful, you could receive as much as £5,000 towards swapping your gas boiler for a heat pump. This offers you massive cost-saving potential and is something that you should definitely look into if you’re looking at swapping your boiler for a heat pump.

Heat Pump Checklist

  • Expect to pay from £5,000 to £10,000 for your heat pump and installation.
  • Always hire a professional tradesman to do the job.
  • You will enjoy the benefits of reducing your carbon footprint and lower energy bills.

Are you interested in heat pump installation in Derbyshire and surrounding areas? Here at B. Wilson Plumbing & Heating, we can help determine the best heat pump for your needs and take care of the installation. We also provide a range of other central heating and plumbing services, so feel free to get in touch with us today!

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