When it comes to home heating, many households are asking the same important question: Will switching to an air source heat pump actually save me money compared to my current boiler? At Midland Renewables, we believe the answer is increasingly yes—and here’s why.
Traditional gas or oil boilers have long been the standard in UK homes, but rising fuel prices, carbon reduction targets, and improvements in renewable technologies have shifted the landscape.
An air source heat pump (ASHP) works by absorbing heat from the outside air—even in cold weather—and using it to heat your home and hot water. Unlike a boiler that burns fuel, a heat pump moves existing heat using electricity, which is much more energy efficient.
Let’s break down the financial picture:
Air source heat pumps typically offer efficiency rates of 300-400%, meaning for every unit of electricity used, you can get three to four units of heat. In contrast, even a new A-rated boiler is only about 90% efficient.
If you currently use:
Oil: You’ll almost certainly save money by switching.
LPG: Big savings are likely, especially in rural areas.
Gas: The savings may be more modest but still real—especially when combined with good insulation and smart heating controls.
Thanks to schemes like the Boiler Upgrade Scheme (BUS), eligible UK homeowners can get a £7,500 grant towards installing an air source heat pump. That goes a long way toward covering the upfront cost, bringing it in line with (or even below) a new boiler installation when you factor in long-term energy savings.
While a heat pump may cost more to install than a basic boiler, it lasts longer—often 15 to 20 years with minimal maintenance. Plus, you’re future-proofing your home against future gas bans, stricter emissions regulations, and volatile fossil fuel prices.
And let’s not forget: homes with renewable heating are becoming more attractive to eco-conscious buyers, potentially increasing your property value too.
Modern air source heat pump systems can be paired with smart thermostats and zoning controls to help you optimise energy use, reduce waste, and keep running costs low. It’s efficient heat on your terms.
It’s not all about money. An air source heat pump can cut your home’s carbon emissions by up to 60%, helping you do your bit for the planet—and stay ahead of the curve on green home requirements.
In short: yes, in most cases. An air source heat pump can absolutely save you money over time—particularly if:
You currently heat with oil, LPG, or electric.
Your home is reasonably well insulated.
You want to take advantage of government grants.
You're looking for a more sustainable, future-ready solution.
At Midland Renewables, we’ve helped hundreds of homeowners make the switch to efficient, low-carbon heating systems. And we’re here to help you decide whether a heat pump is right for your home—no jargon, just honest advice.
Get in touch today for a free consultation or quote. Our team can walk you through the numbers, the options, and the best heating solution for your home.
📞 0114 269 4804
📧 enquiries@midlandrenewables.co.uk
🌐 www.midlandrenewables.co.uk
Let’s make your home warmer, greener—and cheaper to run.
Midland Renewables: Powering a Greener Future.