2. Heat pumps are too expensive
We'll be honest, installing a heat pump could cost you a lot upfront. But here's the silver lining - there's government grants available that can make the initial cost much more manageable. The £5,000 Boiler Upgrade Scheme (BUS) is a game-changer that could bring down the cost of getting a heat pump in England and Wales to anywhere between £5,500 to £13,000.
If you live in Scotland you could take advantage of the Home Energy Scotland grants which offers up to £7,500 towards the cost of a heat pump, this increases to £9,000 for those in remote regions that are eligible for a rural uplift. Additionally, if you live in Scotland you have the option to apply for an interest-free loan, covering a maximum of £7,500 for the remaining costs of a heat pump installation. This means that households in Scotland can get financial support of up to £15,000 for purchasing and installing a heat pump.
While heat pumps do have a higher upfront cost than traditional heating systems, they can save you money in the long run. Heat pumps are more energy efficient than conventional systems, which means you'll lower your carbon footprint and you may save money on your energy bills. Visit our air source heat pump cost guide to learn more.