The air heat pump has become a highly sought after renewable technology because of their obvious energy saving benefits. As National Grid gas and electricity prices continue to rise for UK homeowners, the attraction of generating onsite energy has become more appealing.
Utilising an air heat pump in your home will give you an alternative to paying out the expensive national prices for more than 25 years, saving you hundreds of pounds annually.
And this financial incentive isn’t the only reason to invest. On top of this there’s a Government scheme in the pipeline for domestic installations, expected to launch in 2014, known as the Renewable Heat Incentive (RHI).
The RHI offers a long-term financial support for those purchasing renewable heat technologies, including heat pumps, biomass boilers and solar thermal.
The scheme was originally intended to open for applications in the summer of 2013 but has been pushed back to spring 2014. It will work in a similar way to the feed-in tariff for solar PV installations, paying out for each unit of energy produced.
Estimated rates for heat pumps are as follows:
- Air heat pump: 6.9-11.5p/kWh
- Ground heat pump: 12.5-17.3p/kWh
Because of the delay, grants for the initial installation cost of heat pumps have been increased. The Renewable Heat Premium Payment (RHPP) scheme has been prolonged until March 2014 as well.
If you’re considering heat pumps then make sure to apply for the RHPP and receive a grant of:
- £1,300 for an air heat pump
- £2,300 for a ground source heat pump
The final details of the RHI are still being discussed and the Government are preparing to publish the policy in summer 2013 with payments going live from spring 2014. To receive the full payments with the RHI homeowners will need to make sure their property is energy efficient with upgrades such as wall and loft insulation.
Insulation helps to reduce heat loss in the home, reducing bills further. As such it’ll ensure none of the heat you produce goes to waste and escapes the premises.
Facts & Figures You’ll Love To Share
- A heat pump is capable of generating enough heat to reduce your annual energy bills by up to £650.
- The Government’s Renewable Heat Incentive will pay out hundreds of pounds a year for the renewable heat produced.
- Cash grants of up to £2,000 are available to help fund the purchase of heat pumps.
- As gas and electricity prices continue to rise, heat pumps will provide greater savings for the years to come.
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