It would be easy to overload you with lots of different scenarios, equipment and heat pump calculators…but if the basic question is “so how much roughly does a heat pump cost for a residential property cost then?” our answer is:

• About £14,000-£15,000 for the supply and installation of the equipment and supporting infrastructure
• Save about £16,000 in utility bills over a 7 year period compared to a standard domestic boiler
• Earn up to £24,000 in guaranteed income (if approved pre-installation) over 7 years through the RHI or Green Homes Grant.

To help you with the maths, £14,000-£15,000 upfront costs and potentially £40,000 savings/income over 7 years. A payback of 2.6 times the initial investment and you save the planet too.