Running costs depend on several factors, including:
- Your home’s insulation
- The type of heat pump
- The heat pump size
- Your energy tariff.
Heat pumps are typically cheaper to run than oil or LPG systems. The the cost difference with gas is narrowing as tariff structures become more favourable for heat pump users.
There are a range of stages and variations to consider, e.g., the costs of installing ground source heat pumps, and the costs of running air source heat pumps.
Combining heat pumps with solar panels and batteries can reduce running costs further.