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Whether installing an air source heat pump will help you save money depends on your property, how long you expect to live there, and the type of heat pump you get.

Air source heat pumps are initially quite expensive to install. However, if you get an air-to-water air source heat pump, you’re eligible for money from the Renewable Heat Incentive [https://www.energysavingtrust.org.uk/scotland/grants-loans/renewables/renewable-heat-incentive] (RHI). This is a UK government scheme that gives you quarterly cash payments over seven years if you install an eligible renewable heating technology (air-to-air air source heat pumps aren’t included).

All this means that if you have long-term plans to stay in your property, then an air-to-water air source heat pump can be a great way to save money on your heating bills. However, if you’re planning on moving out of your property relatively soon, or are a considering an air-to-air air source heat pump, it may not be the best financial option for you.

It’s important to remember that air source heat pumps are at their most efficient when installed in very well insulated properties. If your property’s not very energy efficient, you may find that a heat pump won’t help you save money.

Are you interested in installing an air source heat pump in your home or property? If yes, then you’d probably want to know just how much this is going to cost. Well, so are many other potential investors in the unit and we aim to answer this question once and for all. In this post, you’re going to discover the price range at which your new air source heat pump will fall in.

As simple as it seems, the cost of an air source heat pump can’t be accurate and straightforward as there are a number of factors that greatly influences the price. These influencing factors include the size of the heat pump, the system’s complexity, your personal preference - whether simple or advanced controls, and lots more. However, according to Energy Saving Trust, an air-to-water heat pump should fall within the range of £7000 to about £11000. What’s more? You’ll also need to put into consideration the cost of upgrading your radiators or fitting underfloor heating which can also cost you thousands of pounds.

In general, the main cost of a heat pump is the upfront cost of making a purchase as well as installing it. The heat pump will consume a little amount of electricity and the running costs are also relatively low. The amount your air source heat pump will cost largely depends on your home’s size, the temperature you want your home or property to be as well as how properly insulated your home is.

The period of time it’ll take to recoup your investment in the system in energy savings will also depend on a wide range of factors including the price you pay for electricity, how efficiently the system works, how you use the heat generated and more.

If you’re thinking about getting a solar thermal system for your home, it’s normal to consider the possibility of using the system for central heating. So is this viable? In this article, you’ll learn how solar thermal panels can be incorporated for heating. Let’s have a closer look!

Heating and hot water systems, on the average, takes up a sizeable part ( up to 70 percent) of our energy bills. Now take a moment to imagine how cool it’ll be to generate your own hot water for free without having to depend on any supplier which in turn significantly reduces your energy bills. Well, this is exactly the work of central heating systems that are powered by solar. That’s super cool, right? Well, let’s have a look at how this works.

While solar panels generates electricity, solar thermal panels produces heat for hot water production. However, what’s important is the fact that they both make use of the sun’s natural energy to provide us with a free and renewable energy we can use in our homes. Here’s how it works.

Solar thermal panels directed at central heating incorporates the sun’s natural energy to heat water in a storage cylinder which is then available for use at home. These solar thermal panels are exposed to the sunlight by fitting them on the roof of the home. Generally, they’ll include tubes that contains liquid whose job is to collect the heat and then transfer it to a hot water cylinder that’s solar compatible in your home. The heat is generated for free and is also renewable. This is help you save lots of money on oil, gas and even electricity which you purchase to power the cylinder.

If you’re looking to install a solar thermal system in your home, this is usually one of the first concerns several homeowners have. Being fully aware that solar water heating systems are usually more expensive than their counterparts - the conventional water heating systems, the question arises whether or not you’ll be able to save some money from your solar water heating system in the long run. In this article, we aim provide an answer to this important question. Let’s take a closer look!

When it comes to solar thermal systems, the money you’ll be able to save in the long run depends on a wide range of factors. These factor includes:

✓ Your system’s performance.

✓ Your geographical location and solar resource

✓ Your household’s hot water demand

✓ Financing and incentive options that are available.

✓ The cost of fuel that’s being used for your alternative or backup water heating system, if you own one.

✓ The cost of conventional fuels such as oil, electricity or natural gas.

There are several benefits, however, that comes with the installation of a solar water heating system. Since the sun is absolutely free, future fuel shortages and price hikes will have little impact on you. Also, on the average if you decide to fit a solar thermal system your water heating bills is expected to drop about 50 percent to 80 percent. What’s more? The economics are even a lot more attractive when you’re just about to build a new home or refinancing. When you include the price of a solar water system in a 30 year mortgage, it’ll normally amount to very low price per month. Therefore, on a monthly basis you’ll be saving more and paying less.

Most domestic solar thermal panels do not need planning permission and are covered by permitted development rights. There are restrictions on the size and location of these systems. If you live in a conservation area or listed building, or want to install a very large solar thermal system, check with your local authority to see if you will need planning permission.

Not only will you reduce your electricity bill by generating your own electricity with solar panels, but you can also earn money through the SEG which is offered by large energy suppliers. They’ll pay you for the electricity you export back to the grid. You’ll also reduce your carbon footprint, lessening your impact on the environment.

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.