How can installing a heat pump help you save money on heating this winter?

Cool & Easy Renewables explains the effectiveness of air source heat pumps for homes after the extreme spike in energy bills.

Friday, 30th September 2022

Air-to-water heat pumps have become one of the most popular types of domestic heat pumps, as they are notably cheaper than traditional oil, LPG, natural gas or traditional electricity methods to heat your home in the winter, and are also quick to install. If you’re trying to work out how to save money on heating this winter, a heat pump may well be the way to go.

How does a heat pump work?

Air source heat pumps function in a similar fashion to an air conditioner. The external heat pump changes the state of the refrigerant from a liquid into a gas and in turn raise the pressure and temperature via the compressor this is then transferred by circulating it around your heating system. The liquid is continuously reused to keep the cycle going, keeping a steady warmth throughout your home.

So, can a heat pump save you money on bills? Are heat pumps worth it?

The short answer is yes.

While home Air Source heat pumps require a small amount of electricity to work, the heat generated by them more than makes up for it, avoiding the use of any gas in the process. You may have seen some Martin Lewis heating hints that work for you but a heat pump is definitely worth considering to really slash your bills. Of course, your energy bill savings also depend on your electricity tariff, how efficiently you use your heat pump, the design of your central heating system, and some other factors we are happy to discuss with you if you’d like any more information about heat pump costs and heat pump installation costs.

What we can say is, although gas prices have historically risen over time, the extreme increase of Ofgem’s price cap over the past year certainly makes a home heat pump system an attractive solution to cut your energy bills and one of the cheaper ways to heat a house. Heating a home with electricity is the ideal answer, and you could save a substantial amount on your winter gas bill while keeping your home warm.


How much will a heat pump cost?

The price really depends on your current set-up. But do bear in mind that there are available grants, loans and financial schemes depending on where you live in the UK. If you live in Scotland, you could even get an interest-free loan up to £17,500 to install home renewables. And the Boiler Upgrade Scheme in England will offer you a grant of £5000 of the cost and installation of a heat pump, if you fit the requirements. Find out more here.