Air source heat pumps are an incredibly efficient, renewable source of energy, able to cut your carbon footprint by 44%, which is why the government is encouraging households to invest in one. You should recoup the installation costs in about 10 – 12 years on average vs 5 – 7 years for a gas boiler, however, heat pumps can last twice as long as a gas boiler.
Installing a new air source heat pump costs £8,000 – £12,000 on average (not including a hot water cylinder) – but the Government is now providing a £5,000 grant for sufficiently insulated homes (your radiators may need to be increased in size).
Solar panels can be installed on most properties and the cost has dropped by 82% since 2010 as the price of electricity has soared. More than 1.2 million UK households now have solar panels. You should recoup the installation costs in about 11 years on average and they should last 20 – 25 years.
Installing solar panels costs £10,000 – £12,000 on average (not including a battery) for a 4 bedroom house based on 14 panels – solar power can cut your energy bills by £852 per year on average, based on 4,300 kWh of annual electricity usage.