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As of 2022 the installation cost of a heat pump is more than a gas boiler, but with the "Boiler Upgrade Scheme" [103] government grant and assuming electricity/gas costs remain similar their lifetime costs would be similar on average. [104]
Although higher cost heat pumps can be more efficient a 2024 study concluded that for the UK "from an energy system perspective, it is overall cost-optimal to design heat pumps with nominal COP in the range of 2.8–3.2, which typically has a specific cost lower than 650 £/kWth, and simultaneously to invest in increased capacities of renewable ...
Here's what's driving up home heating costs, and how much families are expected to spend this winter.
The energy cost of heating is one of the main costs of operating a building in a cold climate. Some central heating plants can switch fuels for reasons of economy and convenience; for example, a home owner may install a wood-fired furnace with electrical backup for occasional unattended operation.
Only about 5,000 heat pumps were installed in homes in 2022, way short of the 25,000 needed annually.
Leaders of the Energy Commission say the new building standards will help the state reach building decarbonization goals.
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