Heating is expensive! It’s costly in monetary terms and it also has an impact on the environment. Theoretically, heat pumps have the potential to reduce heating energy requirements and also lessen the adverse impact on the environment.
It’s taken the world a long time to figure out that cheap, carbon-based fuels are doing a lot of damage to our planet. In addition to this, oil and gas prices are volatile and go through huge peaks.
Countries are now turning to creating energy from the sun and wind, and heat pumps neatly fit it into this renewable category because the have been categorised as low carbon technology. Because they’re green, they qualify for funding from the UK government’s Renewable Heat Incentive (RHI).
The RHI income goes some way to covering the installation costs of the ASHP and is a massive boost to help offset the investment costs. In some cases, heat metres have to also be installed to help calculate payments. Payments are made over a seven year period and the reason the UK government put these generous incentives in place is to try and meet its carbon targets and commitment.
With climate change and the desperate need to conserve energy resources, heat pumps will have to play a significant role. As more people adopt heat pumps, the UK government will have to step in and monitor (and perhaps regulate) electricity tariffs to drive ASHPs so that consumers aren’t tempted by cheaper carbon based heating solutions such as gas or oil.