Published On: Tue, Oct 19th, 2021
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UK Government Announces Subsidy to Incentivise Heat Pump Installationon October 19, 2021 at 12:27 pm

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UK taxpayers will foot half of the bills for replacing gas boilers with heat pumps in households as the government announced new subsidies on Monday. From April 2022, those who wish to install low carbon heating systems such as heat pumps will have their installation costs slashed by £5,000 ($6,913) through a £450 million ($622 million) 3-year Boiler Upgrade Scheme. It’s part of a £3.9 billion ($5.4 billion) package, also announced on Monday, to decarbonise heat and buildings. The government said the grant would make the price of installing heat pumps similar to that of gas boiler installations. Currently, heat pumps—which run on electricity and work like a fridge in reverse to extract energy from the air or ground—cost £10,000 ($13,800) to install on average, with prices varying from £6,000 ($8,300) to £18,000 ($25,000), depending on the type of pump and the size of the home. Prime Minister Boris Johnson said in a …

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