Heat Pumps Without Grants: Would You Have Installed One & Will You Now?
With the government now potentially signalling that the Boiler Upgrade Scheme (BUS) may be restricted to low-income households only, it’s time for an honest reality check.
For years, schemes like the RHI and BUS have shaped the heat pump market. They’ve reduced the upfront cost, nudged hesitant homeowners over the line, and for many made the difference between installing and not installing.
But with grants potentially disappearing for a huge portion of the population (maybe even for everyone), the fundamental question becomes: Would you have installed a heat pump without the grant and will you install one in the future if funding is removed?
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We are due an install, hopefully in the next 6-8 weeks.
Our install will be about £11,000, so £3500 after the grant.
For me and I can imagine countless others, ripping out the gas heating system and replacing it with a HP is a leap of faith.
Having spent countless hours researching and talking to other HP owners I am prepared to take that risk for £3500, the rough cost of a new gas boiler even though we don't need one.
I have been able to invest in battery storage because of the grant, to ensure I will definitely not spend more on my heating running costs.
Without the grant I wouldn't be changing to a HP yet, I'd wait for a few more years to let the industry evolve before committing to the biggest change to my housing since we extended our house 20yrs ago.
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