Roger is back into heat pumps and looks at the £5000 grants being offered to UK homeowners.
Are £5k Grants For Heat Pumps Money Well Spent?
From April 2022, the UK government will offer households a grant of up to £5000 should they choose to replace their gas boiler with a heat pump.
The grant is part of a wider £3.9 billion funding package designed to help decarbonize the UK’s housing stock, which currently accounts for more than a fifth of all the country’s carbon dioxide emissions.
By 2035, it’s hoped that all new heating systems installed in UK homes will either use low-carbon technologies or low-carbon fuels, such as hydrogen.
Renewable Heat Incentive (RHI)
The Renewable Heat Incentive (RHI) is the world’s first long-term financial support program for renewable heat. The RHI will pay participants of the scheme to generate and use renewable energy to heat their buildings.
The domestic RHI is targeted at, but not limited to, homes off the gas grid. Those without mains gas have the most potential to save on fuel bills and decrease carbon emissions.
Tariffs have been calculated by The Department of Energy and Climate Change (DECC) and will change annually in line with the previous year’s Retail Price Index.