As we strive to reduce our carbon footprint and lower energy costs, more and more homeowners in the UK are turning to renewable energy sources to heat their homes. One growing technology is the air source heat pump (ASHP). It not only provides effective and ecologically friendly heating, but it can also result in significant savings on energy expenses. We’ve already looked into whether they’re good value for money, but let’s put a figure on it: how much money could you really save with an ASHP?
How does an ASHP work?
Air source heat pump extracts heat from the air outside and transfers it into your home. They use a refrigeration cycle to heat your home during winter and provide cooling during summer. Heat pumps use electricity to operate, but are highly efficient, with every unit of electricity used generating multiple units of heat.
Save on your energy bills
According to the Energy Saving Trust, upgrading from an old gas or oil heating system to an air source heat pump can result in yearly savings of £500-£1,500 (based on data from 2021). Actual savings will vary depending on factors such as:
- The size of your property
- Insulation levels
- Current heating system
- Energy usage pattern
Lower maintenance costs
When compared to typical heating systems, air source heat pumps require less maintenance. They can endure for more than 20 years if properly cared for and serviced on a regular basis – longer than your boiler! Routine maintenance costs are usually cheaper than those associated with boilers and other heating systems, lowering your long-term expenses.
Get on the best tariff
To determine potential savings, it’s essential to compare the running costs of an air source heat pump with your current heating system. The Energy Saving Trust has an online calculator that can estimate potential savings based on your unique circumstances. It takes into account parameters such as the size of your home, insulation, and present heating system.
How much could you save?
Switching to an air source heat pump offers numerous benefits, including reduced energy bills, lower maintenance costs, and contributions to a greener future. While the exact savings may vary depending on your unique circumstances, UK sources estimate that the average household might save £500-£1,500 per year.
Over the lifetime of your heat pump system, you’ll make a positive return on your investment. Want to save even more? Check out the Boiler Upgrade Scheme.
