Are Heat Pumps Cheaper than Gas?
A heat pump vs gas boiler… Which one should you opt for? During the cost of living crisis, it’s crucial that we save as much money as possible. This is especially important in winter.
Whether you’re leaning more towards the former or latter, this article will help sway your decision. Let’s break down the unit and running costs to answer the ultimate question: are heat pumps cheaper than gas?
This article will cover:
– Are heat pumps better than boilers?
– Are heat pumps cheaper than gas?
– Heat pump vs gas boiler running cost
– How much is a heat pump boiler?
– How much is a gas boiler?
Are Heat Pumps Better Than Boilers?
Before we answer whether heat pumps are better than boilers, you need to understand some important trends in gas boilers and emissions.
There are almost 29.9 million households in the UK. 77.9% are houses, 21.7% flats and 0.4% mobile homes. In addition, 62.5% of people own their home. But what if we told you 23 million (78%) of households use gas boilers? And this is only expected to grow!
Knowing this, it’s easy to understand why 40% of carbon emissions come from our homes. If just 1 in 3 homes opted for a heat pump, we could save up to 3.2 tonnes of CO2 per year.
In comparison to gas boilers, heat pumps can reduce emissions by 20% on average. In countries with cleaner electricity, this could be 80%!
So, are heat pumps better than boilers? Yes!
Are Heat Pumps Cheaper Than Gas?
Heat pumps boast an efficiency rating of 500%. Whereas, gas boilers offer a mere 90%. Despite heat pumps providing 5x more heat energy than consumed, they are not as expensive as gas boilers. But how does this work?
Heat Pump vs Gas Boiler Running Cost
Essentially, electricity is more expensive than gas. However, as heat pumps are more sustainable and efficient, they are actually more cost-effective.
Depending on the size of your home and its energy consumption, the annual running costs of heat pumps is between £685 and £1,550. Whereas, gas and LPG boilers cost between £945 and £1,890 per year. As such, heat pumps can save you £260 on your annual energy bills.
How Much Is a Heat Pump Boiler?
Heat pumps typically cost between £2,400 and £14,050 for the unit and installation. If you require annual maintenance checks and insurance, this will cost more depending on the company.
How Much Is a Gas Boiler?
Depending on the type, new boilers typically cost between £500 and £3,500 for the unit. With installation, you could be doubling this price.
For example, a system or conventional boiler running on gas or LPG usually costs up to £3,500 without installation; £5,000 with installation.
Air Source Heat Pumps at D-Mec Services
So, are heat pumps cheaper than gas? While heat pumps may be more expensive to install than gas boilers, they can save you a lot of money when they’re up and running.
We offer a wide range of heat pump services in Bedfordshire and surrounding areas. Our most popular systems are air and ground source heat pumps. Our services include design, installation, repairs and regular maintenance.
If an air source heat pump is suitable for your household, contact us today for more information.