UK Heat Pump Installations Surge 75% as Subsidies Boost Demand
The UK government has revealed a significant boost for heat pump installations. In February 2024, it announced a 75% increase in installations, backed by £7,500 subsidies. This is the fourth consecutive month with over 2,000 applications since the grant hike.
The surge in interest is attributed to several factors. Firstly, the government has removed insulation requirements to qualify for the Boiler Upgrade Scheme. This change is expected to encourage further uptake of heat pumps. Secondly, installation costs for air source heat pumps are projected to fall by 20% by 2030, making them more affordable.
February saw a remarkable 75% annual rise in heat pump applications. This increase follows the government's decision to boost grants to £7,500, making heat pumps a more attractive option for homeowners. Ground and air source heat pump installations have already reached record numbers in the early months of 2024, reflecting the scheme's popularity.
The UK government's initiative to increase heat pump installations and remove insulation requirements is yielding results. With record numbers of installations and a projected decrease in costs, heat pumps are becoming an increasingly viable option for home heating. The £7,500 subsidies are playing a significant role in driving this growth.
