Green alternatives to gas boilers to cost £12bn more than Government planned
New analysis shows that Downing Street has vastly underestimated the scale of home retrofits needed to reach its net zero targets. The Government has underestimated how many homeowners can pay thousands of pounds to retrofit and install heat pumps, according to analysis from the Energy Efficiency Infrastructure Group (EEIG), which includes utility provider EON and the Confederation of British Industry. The scale of the challenge to install them is immense. Energy efficiency retrofits, which the Government says it wants to achieve in around 17 million homes by 2035, are expected to cost £4,400 per house. A heat pump ranges from £7,000 to £15,000, though manufacturers say they will be able to halve costs within 18 months. But a third of homeowners have no savings, according to the most recent English Housing Survey.
Telegraph 16th July 2021 read more »