This article explores the hidden costs associated with heat pump installation, including annual servicing fees and the need for home insulation upgrades.
The price of having the heating system installed can reach into the thousands, especially when extra costs are considered. Homeowners know they will likely have to pay thousands upfront for a heat pump – yet many might not consider the other costs they face. For environmentally friendly heating options, with heat pumps poised to replace gas boilers in the future, however, their current cost means Air source heat pumps tend to cost between £14,000 and £19,000 to install.
Ground source heat pumps cost between £28,000 and £34,000 to fit, depending on how you install the pipes, but prices vary depending on homes. Although there are grants available, other additional costs, including maintenance and the cost of insulation prior to having a pump installed, could add thousands to a household bill. We spoke to experts to find out how much more people could pay for their heat pump, aside from the upfront cost. An additional cost for those looking to have a heat pump installed is the annual servicing fee. Whilst these are optional, as with boiler cover, they are encouraged. A typical fee ranges between £150 and £300. British Gas says a service usually costs around £200 each year, for example, while Octopus offers a £9 a month plan which includes an annual service. To operate at their best, heat pumps require homes to be well insulated as they work by producing heat at lower temperatures. British homes are some of the least insulated in Europe – one-third have less than half the recommended level of loft insulation, according to government estimates – which means many need to be upgraded before they have a pump installed. Dave Raval, heating expert and CEO of LoftZone, said: “Installing a heat pump without first addressing insulation is like putting the cart before the horse. “Insulating your home properly not only ensures your heat pump will perform efficiently but also saves you money on energy bills. It’s a win-win step to take before adopting this modern heating technolog
HEAT PUMPS INSULATION ENERGY COSTS INSTALLATION COSTS HOME IMPROVEMENT
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