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Are heat pumps worth it financially?

Water-source heat pumps are cheaper to run than traditional heating systems, and longer-lasting. However, there is no escaping the fact that the upfront cost is significantly higher than installing a traditional boiler.

Projects receiving Renewable Heat Incentive (RHI) payments can typically expect these to cover the entire cost of installation, plus provide a small additional income. The payback period is typically around 5-7 years for domestic projects (the RHI lasts 7 years) or 12-14 years for non-domestic projects (the RHI lasts 20 years). If you are thinking of installing a heat pump, now is the time to send us an enquiry, to give the best chance of qualifying for these incentives.

Are you considering a water source heat pump project ?

Renewables First have considerable experience and full project capability, from initial feasibility study through to system design and installation.

The first step to develop a water source heat pump project is to conduct a Free Initial Heat Pump Assessment.

Contact us about a free initial assessment today!

Once complete, you will understand the site potential and be guided through the next steps to develop your project.