After two years of sky-high energy prices that have almost doubled the cost of switching on the heating or making a brew, thousands of households are seeking out ways to invest in their home and slash their energy bills. One of the most popular ways to do this is through getting a heat pump installed, but cost has been a barrier in the past.
Data released by Ofgem shows that there have been more than 40,000 applications in total, with the scheme having paid out over 25,000 grants so far, with more than £148 million in total paid out.Heat pumps are more energy efficient than traditional boilers, capturing energy from their surroundings and converting it into heat for your home and hot water.
Households with a heat pump can now take advantage of a wide variety of heat pump tariffs from many providers, including an offer from British Gas that can reduce your bills by £450 a year. To get this cheaper energy rate, you need to get your pump fitted by British Gas before September 31, with any electricity used by the heat pump discounted by 14p/kWh for the first year.
"We will do the same with our heat pump energy offer following the 12 months of the discounted rate."