There are so many reasons why owning a Heat Pump can benefit your home or business.
The benefits can vary depending on who you are and what type of site you have. If you want a good overview of Heat Pumps benefits, carry on reading. If you would like some more bespoke benefits and are involved in Domestic, Horticulture, Agriculture or Commercial, click on the links and we’ll explain more.
The RHI, (the Renewable Heat Incentive). Subject to ticking the correct boxes before starting your installation, you’ll be eligible for quarterly payments from the government for generating your own heat! It’s currently very generous at 9.36p for every unit your produce for 1,314 hours, thats 15% of the year! After those hours, you’ll still be paid at a smaller amount 2.79p.
Financial benefits for a Ground Source heat pump installation
Typically, if you install a 100kW Ground Source Heat Pump and run it for 15% of the year, (131,400kWh) your payments would be as follows:
RHI ‘Tier One’ payments £12,299
It gets better, you don’t just receive this once, you receive it for 20 years AND it’s indexed linked to the CPI (Consumer Price index) so it should steadily increase each year.
So over 20 years, that would give you a gross income of £270,276 based on inflation at 1% per year
You’ll then get an additional benefit of not having to buy Oil or Gas:
Oil savings @ 6p per unit £7,884 per year
Gas savings @ 2.7p per unit £3,547 per year
On top of all this, there’s all these benefits:
Low Maintenance – a service a year from us should keep the system hassle free.
Clean Green Energy – Truly renewable – thats important to us, it’s not like Biomass where you’re burning wood, albeit efficiently. The heat your getting comes from the sun that’s constantly warming the Earth year after year.
Longevity – A Ground Source Heat Pumps can last up to 25 -30 years.
Most systems pay themselves back in 5 years
Sustainable – protect the future of the planet.
Claim ECA Benefits and save thousands on tax!
Heat pumps require electricity to run but because the Heat Pumps are super efficient they only require 1 unit of electricity to provide 4 units of heat!
You can also off-set this with Solar PV which is as cheap and as easy to install as it’s ever been.
The figures above based on 100kW would require approximately £3,942 of electricity to run.