How much will a heat pump cost to run?

• Heat pumps run on electricity, which costs more per kWh than gas, but they are far more efficient, generating 3-4 times more heat.
• A well-installed heat pump could save up to £261 per year in energy costs compared to a gas boiler.
• The Boiler Upgrade Scheme (BUS) offers up to £7,500 off installation, and companies like Plug Me In provide full support and maintenance.

Heat pumps are coming, but will they save you money?

Heat pumps are the go-to alternative to traditional gas boilers. Unlike boilers, which rely on burning natural gas, heat pumps run on pure electricity. But how does that affect the running costs?

Government data from July to September 2023 shows the average electricity cost in the UK was around 28 pence per kilowatt hour (kWh). Gas was much cheaper, averaging about 7 pence per kWh. The average gas boiler uses 13,600 kWh a year. This can make electricity seem expensive at first glance. However, heat pumps are much more efficient, often generating three to four times the amount of heat per unit of electricity used.

If installed correctly, a heat pump could save you up to £261 a year in energy costs compared to a gas boiler. These savings can increase if your home is well-insulated or if you use solar panels.

Installing a heat pump can be costly, but the UK’s Boiler Upgrade Scheme (BUS) could help you cover some expenses. You might be eligible for up to £7,500 off the installation.

Plug Me In, a Calisen company, offers a complete service. They’ll assess your home, apply for grants, and take care of the installation. They even provide a Heated Home Guarantee and annual maintenance for £24.99 a month. You can get a personalised quote online, tailored to your home’s needs.