Do Heat Pumps Save Money?
The amount of money an air source heat pump will save you depends on the system you have installed. Most heat pump systems are between 2-4 times more efficient than traditional boilers and furnaces and can be 300% to 450% efficient - providing the home is well insulated and has relatively low heat loss.
In order to enjoy significant energy savings over traditional heating systems, homes with heat pump systems require loft insulation and cavity wall insulation as prerequisites for most funding.
The Department of Energy states that households can save around £900 every year when switching to a heat pump. The main factors that affect potential savings include house size, local climate, house heat loss, and the efficiency of existing radiators / underfloor heating systems.
Can I Install an Air Source Heat Pump?
Air source heat pumps can be retrofitted into most properties although changes to the existing pipework and radiators may be required depending on the project.
The heat pump and controls are not too dissimilar from conventional oil or gas boilers, which can make adapting to an air source heat pump much easier. They are widely considered to be one of the best renewable-compatible heating systems for older properties and renovation projects.