Are heat pumps a good investment?
The cost of living in today’s society continues to rise. Coupled with the fact that many of us are trying to live as sustainably as possible for the health of our planet, it’s no surprise that more and more households are looking at heat pumps as a sustainable way to heat our homes.
Before taking the plunge, it can be worth reading up about air source heat pumps to find out what is the best solution for your situation, and whether an air source heat pump is a good investment for you.
Are heat pumps expensive?
There is, of course, an initial investment involved in installing a heat pump to warm your home. However, thanks to the Boiler Upgrade Scheme, many households can benefit from a sizeable grant towards replacing their old oil or gas boiler, according to Gov.uk . With up to £7,500 on offer, the initial outlay could be more affordable than you’d think.
What about the long-term?
Long term, heat pumps can save a considerable amount of money – the figure could be into the hundreds each year and even more if the air source heat pump is combined with solar panels.
A sustainable solution
Not only do heat pumps avoid reliance on fossil fuels such as oil or gas, they also incorporate a new sort of technology. With the increased number of electric cars and society’s growing keenness to opt for sustainable options, it stands to reason that heat pumps are going to be the way of the future. As a result, it could be easier and cheaper to install, service and buy replacement parts for heat pumps as the years go on – companies such as gsmlimited.com/services/air-source-heat-pumps are busier than ever installing air source heat pumps, buoyed by the government’s target to fit a whopping 1.6 million of them per year by 2035.
Providers such as Eon are already offering interest-free credit for people installing heat pumps. Experts also think there may soon be better rates on ‘green mortgages’ for people with sustainable heating options, which could save money across the length of your mortgage.
