Air source heat pumps are an all-round solution to the multi-layered practical requirements we have for low carbon heating systems here in the UK but are they worth it in the long run?
Not only do air source heat pumps provide the high-performing, flexible, on-demand service we need to suit hectic family life, they are also simple to install. Indeed, once a heat pump system is in place, you can continue with existing family routines with the benefit of knowing you’re no longer pumping out high levels of toxic carbon emissions into the atmosphere.
Whilst these advantages sound great - what about the other side of the coin? What about energy bills and running costs? How energy efficient are air source heat pumps and will they really save you money if you compare running costs with a gas boiler?
Air source heat pumps are a heating solution that’s built for the future so drawing comparisons about how worthwhile they are isn’t straightforward and you need to know what’s on the horizon to understand the value heat pumps offer.
Let’s take a closer look at whether air source heat pumps are really worth it?
Are air source heat pumps energy efficient?
The energy efficiency of air source heat pumps really are worth noting because they come in at around 350%. Compare that figure to the 90% efficiency of a traditional gas boiler and you can see how savings can be found.
So what about energy costs when switching from a gas boiler to an air source heat pump which uses a proportion of electricity to run?
Are air source heat pumps cheaper to run than a gas boiler?
It’s impossible to consider running costs for air source heat pumps without recognising our energy costs and attitudes towards fossil fuel use are changing.
A low carbon future is already on the way. One of the fall-outs of low carbon changes is that gas prices will become ever-more expensive whilst electricity costs decline. In its March 2017 Energy Prices and Bills Committee Report, the Climate Change Committee (CCC) outlined the degree to which gas prices were predicted to rise by 2030. Back then, the Climate Change Committee’s predictions were that ‘rising wholesale gas prices’ and other factors ‘could add over £200’ to domestic bills. Today, we know economic factors alone mean future gas price rises are likely to be even bigger.
Indeed, our changing attitudes to fossil fuel use here in the UK was highlighted by a 2021 IPSOS poll. The study found 84% of Brits are prepared to make lifestyle changes to address climate change. Meanwhile, 81% are in favour of replacing gas and fossil fuels with low carbon energy sources.
Likewise, future government energy agendas, at home and abroad, are set to swing in the favour of heat pump owners.
Here in the UK, for example, gas boilers are already set to be phased out for new build properties by 2025 with further plans to end new gas boiler installations by 2035.
On the other hand, the UK government’s Boiler Upgrade Scheme will reward you with a £5000 grant to cut installation and purchase costs for a new heat pump. More about the Boiler Upgrade Scheme.
With all this in mind, we can’t compare running costs for gas boilers and air source heat pumps without considering the degree to which prices will change in favour of electricity in future.
So how do running costs compare?
Will an air source heat pump save me money?
Comparing the running costs for a gas boiler and a heat pump system (which partly runs on electricity) is not a clear cut task. That’s because the real question is how much energy will you use when you install an air source heat pump.
Here’s why:
You’ll use less energy with an air source heat pump installed because it runs at a far higher level of efficiency than a gas boiler meaning you’ll pay less for your energy use. Remember an air air source heat pump offers an efficiency rate of 350% whilst a gas boiler delivers 90%.
If you use a heating and hot water system that’s powered by another type of fossil fuel, such as oil, your savings are likely to be even greater. Here’s how gas and heat pump systems compare in terms of cost per kWh.
Air source heat pumps vs Gas boiler running costs
Heating & Hot Water System | Cost per kWh |
---|---|
Gas Boiler | 4.65p per kWh |
Air Source Heat PumpAir Source Heat Pump | 5.73p per kWh |
What does that look like for a typical energy bill?
For a 3 bedroom house in the UK, heating and hot water supplied by an air source heat pump system using current electricity prices would come in at around £816 for an annual consumption of 14,250 kWh, if electricity is priced at 20.06p per kWh. For a gas boiler, using current costs, the equivalent use would be around £663.
So running costs, if removing a gas boiler, are a little more with a heat pump at present if you look at cost per kWh alone but as we’ve already discussed, that’s not the full story. Greater energy efficiency from an air source heat pump system is accompanied by better temperature regulation.
Heat pumps provide a more consistent level of heat so your home will stay warmer for longer than it did with a gas boiler. You’ll be able to heat your home better and at a lower temperature with an air source heat pump installed.
For most homes, consistency is achieved with the installation of larger radiators (or in some case underfloor heating) to accompany your heat pump.
These contemporary devices are much better at dispersing heat than traditional radiators so it will take less heat (and therefore lower energy consumption) to make your home will feel and stay warm with an air source heat pump installed.
You can also have an insulation survey carried out to ensure your home’s insulation is up to scratch and shop around for the best electricity prices. In terms of maintenance, air source heat pumps last twice as long as boilers, delivering 20-25 years of service with little maintenance required.
Are air source heat pumps worth it?
All in all, yes air source heat pumps are worth it. They provide you with a future-ready, low carbon heating solution that’s high performing with affordable running costs. At present, the estimate is that you’ll save around £100 annually with a heat pump installed, bearing in mind future savings are destined to be greater as electricity prices drop. Yet the switch was never a cost-saving exercise, that’s just a bonus.
The point is to lower household carbon emissions to help to slow climate change, a price that’s undoubtedly worth it. Don’t you think?
For low carbon solutions, including air source heat pumps, for your London home or business, give us a call today on
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