An Air Source Heat Pump that more than pays for itself over 7 years.
Mr & Mrs A own a 4 bedroom detached home in Leavening, a village off the gas network. Their existing oil fuelled boiler was coming to the end of its life and they were looking to replace it with a more environmentally friendly and sustainable heating system, that would save them money and reduce their carbon footprint.
The couple had already had a Solar PV system installed previously and wanted to maximise the benefit of their solar energy.
GoEco recommended a 15kw Vaillant Air Source Heat Pump, which would complement their Solar PV system and offer them large savings on their energy bills, whilst allowing them to become more self-sufficient and less reliant on the grid.
GoEco provided a thorough quote outlining the cost of works and the financial incentives they would be entitled to apply for. The system would cost them around £11,500 to install but they would receive over £10,000 back over 7 years from the Renewable Heating Incentive. In addition, they would make savings of around £477 per year on the running costs of their Heat Pump compared with their existing Oil Boiler.
In short, over 7 years the system would cost them nothing, in fact even with the radiator adjustments they would be over £1200 better off.
- Heating: 15kW Vaillant aroTherm Air Source Heat Pump.
- Hot Water: 250 Litre Vaillant Cylinder
Mr & Mrs A’s new Air Source Heat Pump was installed in July 2018, taking a team of two, 3 1/2 days, which included the removal of their exiting oil boiler.
A few old radiators also need to be replaced in order to maximise the performance and efficiency of the new Heat Pump. This was identified on the initial survey and the radiators were installed with very little disruption.
Mr & Mr A have now enjoyed a year with their new eco friendly heating system.
We’ve been very pleased with the hot water and heating system since its installation and it has provided a number of benefits compared to the oil-fired boiler it replaced.
- No longer the risk of running low on oil and keeping check on fluctuating prices.
- Estimated savings of around 15% per annum compared to the cost of oil.
- Much better at maintaining a constant, comfortable temperature throughout the house, heating on all day throughout the winter whereas previously with the oil-fired boiler the heating was only on for limited periods.
- We can utilise the energy generated by our solar panels to heat the water tank, providing additional savings.
- Annual usage of just over 4000 kWh.
With repayments through the renewable heat incentive scheme the actual cost will be less than replacing with another oil boiler. It just made sense to stop our reliance on heating oil and choose a greener option. The quality and service provided by GoEco has been exceptional
Installation cost (Including replacement radiators)£12,159
Fuel Savings against Oil per year (@45p per litre)£477
Renewable Heat Incentive£10,105.69
Return on Investment10%
RHI Payments are made for 7 years for domestic customers. Payments are index linked and tax free in domestic dwellings.
Reduce your energy bills with Renewable Technology
Speak with a member of the team today and we can talk through the options available for you.