Home owners expect the Government to pay half the £10,000 cost of heat pumps, a survey has found. Heat pumps, an eco-friendly electric alternative to gas boilers which work like a refrigerator in reverse, have much higher upfront installation costs than gas boilers. Air-source heat pumps are currently about £10,000, though suppliers are expected to cut these costs over the coming years. Home owners have little idea of how much they cost, the survey found, with just one in eight aware that they are more than £4,000. The average suggested cost was less than £3,300. When told the cost range for heat pumps, people wanted the Government to meet nearly half the expense, or about 46 per cent, with more than one in three saying they would need more than 50 per cent of the costs to be met.
Telegraph 9th Sept 2021 read more »