In the UK, we get hot water and radiator heating from a boiler that runs on gas, calor bottle gas, or oil. But according to the environmental clan and government, these are nasty to the planet and new ones will be phased out by 2035. So you would have to buy a heat pump. Just looks like an enormous air-conditioning unit that standards outside.
The cost to buy and install one is £8,000 although government grants for £7,500 are currently available. But, and there's always a but. Many homes need additional work in order to install one and that average cost is......£5,690.
So how much do boilers and heat pumps cost to run? Well, traditional boilers are about £1,100 to run per year and the environmental clan rejoice that a heat pump is about £900 a year.
So I can save £200 a year and save the environment. Excellent, it's a win win. Hang on, I found my calculator. So I pay £500 to buy it and £5,690 to install it, so I spend £6,190. I divide that by £200, so I will break even in 30.95 years? But it won't last 31 years, so I will have that cost several times over. Then if I paid that, just a few years later and move house, I might have to buy another one? What's the pay back period when grants disappear? A heat pump is two to three times the cost of a traditional boiler.
www.britishgas.co.uk
The starting price for heat pump installation with British Gas is £7,999 – or £499 after the £7,500 government grant is added.
However, many homes do need extra work to get the best performance from a heat pump. After the £7,500 government grant, the average price for our customers in 2023 was £5,690.
www.goodenergy.co.uk
This link shows running costs ^^^
The cost to buy and install one is £8,000 although government grants for £7,500 are currently available. But, and there's always a but. Many homes need additional work in order to install one and that average cost is......£5,690.
So how much do boilers and heat pumps cost to run? Well, traditional boilers are about £1,100 to run per year and the environmental clan rejoice that a heat pump is about £900 a year.
So I can save £200 a year and save the environment. Excellent, it's a win win. Hang on, I found my calculator. So I pay £500 to buy it and £5,690 to install it, so I spend £6,190. I divide that by £200, so I will break even in 30.95 years? But it won't last 31 years, so I will have that cost several times over. Then if I paid that, just a few years later and move house, I might have to buy another one? What's the pay back period when grants disappear? A heat pump is two to three times the cost of a traditional boiler.

How much does a heat pump cost? A 2024 Guide - British Gas
Interested in switching to a heat pump? Find out how much an air source heat pump costs with prices starting from £XXXX and finance options available.
The starting price for heat pump installation with British Gas is £7,999 – or £499 after the £7,500 government grant is added.
However, many homes do need extra work to get the best performance from a heat pump. After the £7,500 government grant, the average price for our customers in 2023 was £5,690.

How much does a heat pump cost to run? | Good Energy
Heat pump running costs explained - find out how much heat pumps cost to run compared to gas boilers, LPG boilers and oil boilers.

This link shows running costs ^^^
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