Heat Pumps: Costs

(asked on 16th November 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what assessment they have made of the feasibility of their target of reducing the cost of heat pumps by between a quarter and a half by 2025, as set out in the Heat and Buildings Strategy, published on 19 October.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 30th November 2021

The policies announced in the Heat and Buildings Strategy combine targeted funding to kickstart market growth, with incentives and regulations to provide long-term policy clarity for industry. We expect these measures will rapidly drive down costs, in line with the Government’s ambitions to reduce the upfront costs of heat pumps by between a quarter and a half by 2025. We are encouraged that so many across the sector have already pledged to significantly reduce costs.

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