Categories
Grant Writing for Non-Profits

Gas boilers could be banned under proposal – but heat pump costs may rise to 35,000 | Personal Finance | Finance [Video]

In a report exploring the road to Net Zero, which was commissioned by former Prime Minister Liz Truss, a recommendation was made to ban gas boilers by 2040. Environmentally-friendly alternatives are being suggested in light of the cost of living criss which has seen energy bills rise substantially within the last year. One of the most popular technologies which is being adopted into homes is heat pumps, however experts are warning the overall cost of installation for this product could reach £35,000.

Heat pumps are equipment which are able to warm a home by transferring thermal energy from outside into circulating around a heating and hot water system.

Through the Government’s Boiler Upgrade Scheme, families are able to receive financial assistance to cover the costs of introducing these gas boiler alternatives to their home.

It should be noted only one grant can be awarded to each household and the scheme is currently available only …

Watch/Read More