By Paul Homewood
h/t Ian Cunningham
Heat pumps were supposed to coming down in price, we were told. Instead the opposite has occurred.
The Telegraph report:
“The cost of fitting a heat pump has risen by a third in six years despite generous government grants – leading critics to accuse installers of profiteering.
Ministers want 600,000 heat pumps fitted each year by 2028, and hoped to cut the real term costs of installing one by 25pc compared to 2021.
But, the price of fitting an air-source heat pump actually increased by 33pc, from £9,686 to £12,951 in the six years to January 2025, according to Telegraph analysis of data from the trade standards body, MCS.
This is despite the fact the Government has since introduced grants worth up to £7,500 for each household – which were paid directly to installers.
Industry experts blamed a host of factors for the spike such as the rising cost of copper and energy, while a government spokesman said the figures did not account for inflation. But even after factoring in inflation, the cost of installing a heat pump has still risen £700 – despite promises from successive governments it would fall in real terms.”
https://www.telegraph.co.uk/money/net-zero/real-reason-heat-pumps-are-eye-wateringly-expensive/
Add in a couple of thousand for replacement radiators and thousands more for insulation, and they become unaffordable for the vast majority of home owners.