What is the £5000 boiler heat pump payment?

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Britons are being encouraged to replace their gas boilers with energy-efficient heat pumps to help save on energy bills. Property designer and presenter of the Channel 4 series Grand Designs Kevin McCloud has called for Britons to install a heat pump to help improve the energy efficiency of their homes. But will you install one? Vote in our poll.

He told The Telegraph last week: “[Heat pumps] are getting more efficient, but I’d say get one now. 

“They’re still a little expensive but the point is that it’s not complex technology and it’s not really going to change in terms of the offer.

“All that is going to happen over the next 10 years is that they’ll come down in price because they will be produced in vast volumes.”

Despite the long-term benefits heat pumps will bring to energy bills, they have a high upfront cost.

Installation costs between £10,000 and £14,000 which is more than 10 times the average £1,500 gas boiler.

The UK Government launched the Boiler Upgrade Scheme in March which provides £5,000 subsidy to support Britons in replacing their gas boilers with heat pumps.

The aim is to make heat pumps more affordable and allow them to compete with traditional boilers.

Heat pumps operate like a refrigeration system in reverse by transferring the cold air outside to heat your home.

They run on electricity and can make a substantial contribution to reducing emissions if powered by renewable sources.

However, environmentalists have been critical of the three-year scheme which is costing £450million.

This means that of the 22 million gas-heated properties in the UK, only 90,000 would be able to benefit.

Speaking about the scheme in October 2021, Mike Childs from Friends of the Earth said: “£450million pounds delivered via individual £5,000 grants means 90,000 heat pump installations over three years.

“That just isn’t very much, and won’t meet the prime minister’s ambition of 600,000 a year by 2028.”

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Octopus Energy has pledged to support Britons by driving the prices of heat pumps down further.

Octopus Energy CEO Greg Jackson told Express.co.uk earlier this month: “Heat pumps are the most efficient way to heat your home…they are three or four times more energy efficient (than gas boilers).”

He added: “Octopus is going to be driving this, and already to the right homes, we are installing heat pumps for a cost of about £2,500 after you have received your Government grant.

“Our plan is to keep driving down the cost so as the market grows, they will ultimately be a price that is not dissimilar to a gas boiler.”

So what do YOU think? Would you install a heat pump to improve the energy efficiency of your home? Vote in our poll and leave your thoughts in the comment section below.

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