Energy minister says ‘no plan’ to issue further financial help for costly heat pumps

Thus the Government’s Boiler Upgrade Scheme aims to incentivise more households to install heat pumps by slashing the costs by up to £5,000.

Speaking exclusively to Express.co.uk, Lord Callanan said: “It’s about getting the balance right. Obviously, if you wanted to increase the uptake, you could increase the [BUS] grant amount.

“There are no plans to do that at the moment, we would keep it under review. It’s about getting it right with what is the right subsidy that we need to provide in terms of value for money for the taxpayer to provide the incentive for people to actually use this scheme.

“As you are well aware, heat pumps are much more expensive than gas boilers. We want to increase uptake, we want to bring of cost heat pumps down, and we do that by providing a Government subsidy of £5,000 for Air Source Heat Pumps and £6,000 for Ground Source Heat pumps.

READ MORE: Brits mull over heat pumps or hydrogen for future of UK heating

Article source: https://www.express.co.uk/news/science/1710612/heat-pump-grant-boiler-upgrade-scheme-under-review-5000-energy-beis-lord-callanan