With the current global focus placed on renewable technologies there has been a lot of development in the industry to find viable and efficient methods of generating green energy. According to industry experts, heat pumps are one of these technologies and installation rates are rapidly rising, but are they value for money?
Firstly, the theory is tried and tested. A heat pump is essentially an air-conditioner in reverse, extracting the heat from the outside and concentrating it inside. There are two types of heat pumps available: ground source, which requires a large coil system to be burried in the ground, and an air source heat pump, which requires nothing more than a free standing system (roughly 1m x 0.5m) with a bit of space around it (allowing a flow of air).
Most air source heat pumps are around 300-400% efficient, so for every 1kWh of energy required to run the pump, 3-4kWh of energy with be generated. Not all systems are the same, so its important to find a reputable and experienced installer who can advise you.
This all means that a heat pump is able to reduce the heating costs by as much as 70% per year on households, particularly those who heat their home by oil or LPG gas, as well as working in combination with a solar panel installation. As a result, savings can be between £600 – £1000 per year.
If installed by an MCS accredited installer you will also receive payment through the Renewable Heating Incentive (RHI), which begins next year, and will reward homeowners with payments in a similar way to the feed-in-tariff currently available for solar.
What makes this an even more attractive option is the fact that the Government will pay you up to £1250 towards the installation of a heat-pump system.