Heats pumps are fast becoming a popular investment for homeowners in the UK, as there’s a countrywide effort to reduce energy bills and save more money year-on-year. Solar panels were once the obvious choice for anyone keen to see a reduction in their expenses, but heat pumps have now emerged as a national favourite too.
With your heat pump though you have to ensure choosing the right system if you want to make a superb return on investment. Whilst all heat pumps will help you save money, only one is linked to the very lucrative Renewable Heat incentive.
There are two options in the technology you choose:
- Air-to-air heat pumps: Resulting in warm air blowing into your home to aid in heating
- Air-to-water heat pumps: Connected to your home’s central heating such as radiators and unfloor heating.
Financially, only one of these options is appropriate if you want to start saving a fortune; air-to-water heat pumps.
Along with biomass boilers and solar thermal panels, air-to-water heat pumps are eligible to receive Renewable Heat Incentive payments. The incentive was only launched on the domestic side earlier in the year, but has already encouraged thousands of homeowners to take up renewable heating.
With the Renewable Heat Incentive you’ll be in a position to save and earn up to £1,280 each year for seven years. This is a significant boost to your income and helps to pay back that early cost of installation.
Whilst the air-to-air systems are more efficient, they unfortunately don’t benefit from these rates and will only aid in reducing bills.
If you’re interested in a heat pump for your home and want to save money straight away, start comparing quotes between reputable companies near you. You’ll be able to find out more information and get the best prices for your own heat pump.