So do you wish to take advantage of the heat generated by the ground to warm up your home by getting a ground source heating pump? If yes, then you’d also probably be wondering how much a ground source heat pump is going to cost so you can set a budget and start planning.
Installing and running ground source heat pump can cost between the range of £600 to £700 to run on an annual basis, meanwhile it can cost you within a range of £13,000 to £19,000 to have installed. However, you should take note that these prices can be by varying influencing factors such as the size of the installation as well as any other extra work that may needed to complete the job.
When it comes to estimating the time it takes to recover the initial cost of the system via energy savings, nothing is certain as this can be very hard to determine or predict. The main reason for this is due to the fact that it’s dependent on the efficiency of your heating system, the type of system you’re replacing ( whether or not you qualify for Renewable Heat Incentive -RHI payments ), the efficiency of your home’s insulation, how efficiently the system’s controls are being used and how the heat generated from the ground source heat pump would be put to use. However, to figure out how much you’ll save, the type of fuel replacing is perhaps the most essential. For a four bedroom detached house, you can save between a range of £1,200 to £1,300 for a LPG fuel replaced, £1,400 to £1,500 for an electricity fuel replaced, £600 to £700 for an oil fuel replaced and finally, £200 to £300 for a solid fuel replaced.