Heating: Finance

(asked on 16th February 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if she will take steps to ensure that people switching to heat pumps are not financially disadvantaged.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 26th February 2024

The Government increased Boiler Upgrade Scheme (BUS) grant available for air source heat pumps (ASHP) by 50%. The £7,500 grant is available for both ASHP and ground source heat pumps, making it one of the most generous grant schemes of its kind in Europe. This is in addition to the 0% rate of VAT on the installation of heat pumps which is in place till March 2027.

BUS is part of a wider programme of measures supporting the deployment of heat pumps including the Home Upgrade Grant, Social Housing Decarbonisation Fund and Energy Company Obligation Scheme.

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