Are you thinking about installing a heat pump for your home on the Isle of Wight (2025/6)?
According to British Gas, there are 3 elements to heat pump costs:
- Installation costs
- Servicing costs
- Running costs
Here are cost estimates from British Gas on those elements:
1. Installation costs ~ £7,999.00 (with British Gas, or *get a local specialist’s quote)
- Size of pump: poorly insulated houses require larger pumps. This comes at a higher cost.
- Government grant: you might be eligible for a grant worth £7,500.00 (…find out here).
- Complexity of job: compared with gas boiler systems, heat pumps place different demands on the heating hardware of your house. This can lead to the need for: larger radiators, new pipework or better insulation.
It’s advisable that you book a free site survey with a local professional to assess your house’s unique needs.
2. Servicing costs ~ £200/year (*get a competitive quote)
- Yearly servicing: this should help your heat pump meet its estimated 20-year life span.
- Free warranty: is offered by some providers including British Gas, who also waive the 1st year servicing cost.
- Servicing includes: optimizing the parts for efficient heat generation like evaporator, fan and settings.
3. Running costs: Heat pump vs. Gas boiler (*ask a local provider for a quote)
Here’s a data table produced by British Gas, with estimated cost savings from using a heat pump vs. gas boiler:
| 1-2 bedrooms | 3-4 bedrooms | 5+ bedrooms | |
|---|---|---|---|
| A (90%) | £5 | £7 | £10 |
| B (86%) | £29 | £45 | £66 |
| C (82%) | £54 | £82 | £122 |
| D (78%) | £78 | £120 | £177 |
| E (74%) | £103 | £157 | £233 |
| F (70%) | £103 | £157 | £233 |
| G (66%) | £152 | £233 | £344 |
| (Source: British Gas) |
To round up:
There are many contributors to the cost of a heat pump installation. Also, there is the financial incentive of a government grant to soften the immediate blow of upfront cost.
But to make the right decision and benefit from the best deal, it takes shopping around and asking the right questions.
If you want to speak with a trusted local professional installer of heat pumps, here is our list.
Further reading:
https://www.moneysavingexpert.com/utilities/heat-pump/
