fbpx

Heat pump grants worth £5,000

Heat pump grants worth £5,000 will help replace gas boilers

Homeowners in England and Wales will be offered subsidies of £5,000 from next April to help them to replace old gas boilers with low carbon heat pumps.

The grants are part of the government’s £3.9 Billion plan to reduce carbon emissions caused by heating homes and other buildings, it is hoped no new gas boilers will be sold after 2035. The funding is also to make social housing and public buildings more energy efficient.

However, experts have stated that the budget is too low and the strategy is not ambitious enough. Ministers say the subsidies will make heat pump a comparable price to a new gas boiler, but the £450 million being allocated for the subsidies over three years will cover a maximum of just 90,000 pumps.

Matthew Fell, Chief Policy Director at the Confederation of British Industry (CBI), said

`£5,000 heat pump grans will help get the ball rolling when it comes to decarbonising homes across the UK. The government’s Heat and Buildings Strategy provides a golden opportunity for both the public and private sectors to pick up the pace of progress to net-zero.`

`There’s no doubt that the scale of the challenge is considerable. These welcome measures – including the 2035phase out of new gas boilers – will help consumers and businesses better prepare to change the way they heat their homes and buildings.`

Leave a Reply

Your email address will not be published. Required fields are marked *

Asmat Accountants

Asmat & Co are one of Berkshires’ leading independent firms of Accountants servicing a growing and satisfied clientele. At Asmat & Co expert advice is available from senior qualified Chartered Management Accountants (ACMA) and Chartered Certified Accountants (ACCA), at very attractive packages tailored to suit varied individual and business requirements. The professional team at Asmat & Co. possesses extensive experience in providing accounting, tax, finance transformation and business advisory services to a diverse customer base.

CONTACT US


  • 84 High Street, Slough, Berkshire SL1 1EL, United Kingdom
    Get directions >>
  • 01753 424968 / 02035 988 621
  • 01753 437109
  • info@asmataccountants.co.uk

Reading Office

  • 365-367 Oxford Road, Reading, RG30 1HA
    Get directions >>
  • 0118 950 9841
  • reading@asmataccountants.co.uk



× Chat with your accountant now!