There are a number of factors affecting the cost of installation such as the age and size of your property, the levels of insulation and thermal efficiency, the number of rooms and radiators, etc, so it is difficult to give even an average idea of cost.
Depending on the complexity of the system and the size of the property, residential vs commercial etc, the price can range from £7,000 to £35,000. It is difficult to forecast without knowing more details about the property.
However, installations are eligible for 7 years of payments under the Renewable Heat Incentive, which significantly reduces the payback period. You should also make savings on your monthly energy bill so will notice a difference almost immediately.
The Green Homes Grant is also available until the 31st March 2022.
We don’t know of any of our customers that haven’t had a very good Return on Investment after installing a heat pump, the pay-back period in energy savings and obtaining income via grants can be astonishingly quick, and every year after that is an added bonus financially. Plus you are doing your bit to save the planet too.
Severn Valley Renewables will be able to give you quotations based on your requirements, new build vs existing property, ground source vs air source etc – so please contact our experts today for a no obligation quotation.