Ground Source Heat Pump paybacks

The ground source heat pump paybacks are considerably higher than most forms of renewable technology, particularly as ground source heating still qualifies for the government incentive.

A ground source heat pump is a great choice if you are looking to cut fuel costs or make your project as eco and efficient as possible.

Due to their high efficiency, ground source heat pumps have extremely low running costs in comparison to other forms of heating.

A ground source heat pump is a sure-fired way to reduce your reliance on fossil fuels. Although, you will still be reliant on electricity supply, this can be responsibly sourced from various renewable energy providers. 

And whilst the government’s Boiler Upgrade Scheme (BUS) is available why not take advantage and have your heat source heavily subsidised?

BUS (Boiler Upgrade Scheme)

The Boiler Upgrade Scheme provides homeowners with a voucher to the value of £6000 (£5000 for air source) paid from the government for having a ground source heat pump installed instead of using fossil fuels.

To be eligible for the Boiler Upgrade Scheme if you meet a few simple requirements:

• You must be a homeowner or small business owner
• Your property must be in England or Wales
• The building must have been issued an energy performance certificate (EPC) in the past 10 years
• You must follow one of the three EPC scenarios listed below

There are three valid paths to making sure your EPC is eligible:

• Your EPC contains no recommendations for loft or cavity wall insulation
• It contains one of these insulation recommendations, but you insulate your home between applying for the Boiler Upgrade Scheme and getting a heat pump installed
• Your property has an EPC or insulation exemption – for example, this may be the case if you own a listed building.

If your property is a custom-built home, it won’t need an EPC to qualify, as you will have had to follow the latest eco-friendly building regulations.

More information on the scheme is available here:

BEIS:
https://www.gov.uk/guidance/check-if-you-may-be-eligible-for-the-boiler-upgrade-scheme-from-april-2022

Ofgem:
https://www.ofgem.gov.uk/environmental-and-social-schemes/boiler-upgrade-scheme-bus

Energy Saving Trust:
https://energysavingtrust.org.uk/grants-and-loans/boiler-upgrade-scheme/