Pledge to slash cost of green heat pump | News
Ministers will commit to reducing the cost of a heat pump to that of a new gas boiler by the end of the decade in order to decarbonise heating.
The pledge is expected to be included in the government’s heating and buildings strategy, which ministers will release on Monday.
It sets out the government’s plans to install 600,000 heat pumps annually by 2028. Ministers will also commit to investing £ 60 million in heat pump innovations to make them smaller and easier to install.
The cost of an installed heat pump is around £ 10,000 but Kwasi Kwarteng, Minister of Economy and Energy, will aim to bring the cost down to £ 5,000 within three years.