Full Costs Breakdown – Including Running Costs
Air Source Heat Pumps are an increasingly popular way to heat up homes. They work equally well as the primary source of heat in the home or as a supplement to existing heating systems. They provide affordable heating all year round and a reliably constant source of hot water.
Heat pumps are not just another form of heating. They are materially different from the standard methods we use to heat our homes. Most sources of heat rely on the generation of heat and its distribution around the property. However, heat pumps simply move existing heat into your home. Since they do not spend resources on creating heat, they are less expensive and more efficient than most comparable solutions.
They are also a remarkably green solution for your heating needs. They produce more energy than they consume, and therefore, they reduce your energy bills and qualify you for energy-saving government grants.
However, despite their many advantages, Air Source Heat Pumps are not a solution for everyone. Read on to see if these remarkable units are suitable for your needs.
Air Source Heat Pump Cost Breakdown
The system tends to cost more than its new gas or oil-fired central heating system equivalents. However, a sound heat pump system will more than make up for it by saving on energy bills. Keep in mind that because it does not generate energy independently, the air source heat pump produces more energy than it consumes electricity. Their overall efficiency can be three or four times higher than most other heating systems.
An air-source heat pump costs anywhere between £4,000-8,000 depending on the model and its output capacity. You may find yourself paying to improve the insulation of your home as well. Keep in mind that heat pumps are not particularly useful unless you have high-quality insulation.
However, the systems are made by a variety of different companies, and their pricing schemes vary considerably. For example, a Mitsubishi unit costs between £2000 and £5000 without installation. Meanwhile, Daikin and Samsung units typically cost about £1000 less.
The unit with the best reviews and reputation is the Nibe F2040. They are smart units integrated into your phone and immediately alerting you if anything goes wrong. They also have the best specs in terms of energy savings and cut the bills immediately and dramatically. However, these cost a good deal more than the competition, fetching £7000 without figuring in installation.
The installation of an air source heat pump costs £1,000-2,000. Therefore, the process will likely cost you £5,000-£10,000 at the end of the day.
However, if you install ground source heat pumps, the system will cost significantly more. The process requires installing pipes beneath the ground and may cost somewhere between £11,000 and £15,000.
What Impacts the installation Cost Price
The main factors contractors will take into account when giving you a quote on Air Source Heat Pump system will include, but are not limited to:
· The size of the home
· The degree of insulation in the home
· The pump size you require