‘Tsunami of bills!’ Britons to be hit ‘by Christmas’ with higher energy bills – what to do

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Heat pumps

Heat pumps transfer heat from the outside air or the ground around a home straight to a heating water circulation system. This warm water can then heat a home via a radiator or underfloor heating.

The Energy Savings Trust estimates the typical cost of a heat pump is between £7,000 and £13,000, so people should be aware it could set them back a fair bit.

However, Mr Choughule highlighted: “The cost of a heat pump depends on the size of the heat pump, the size of the property, whether it’s a new build or an existing property, and whether you need to install or change radiators/underfloor heating.

“In addition, you could receive between £5,000 – £6,000 in Government grants towards the cost of a heat pump installation, thus further increasing the return on your investment over the long term.

“Therefore, you could save on fuel bills annually, depending on how old your energy system is.”

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