The costs associated with upgrading are also significantly higher than staying with conventional boilers. While a replacement oil boiler typically costs £2,500, heat pumps retail in the region of £13,000, according to the EUA.1
In an attempt to soften the blow of switching to alternative heating, the Government offers grants of between £5,000 and £6,000 for households to purchase and install a heat pump and advocates argue that this price will reduce as the industry grows.
However, fewer than 10,000 heat pumps were installed during the first year of the roll-out programme, falling far short of the target of 30,000. Some £90 million of unspent subsidies are set to be handed back to the Treasury due to the lacklustre uptake.1
If you live in a rural home, or are considering purchasing a property in a rural area then this will become a key topic to bear in mind in the coming years regarding the plans around the use of heat pumps.