Partnership offers lower running costs on heat pump systems

Vaillant and OVO have partnered to reduce heat pump running costs to just 15p/kWh to homes across the UK.

Homeowners with a Vaillant aroTHERM or aroTHERM plus heat pump, and an internet gateway such as the myVAILLANT connect, will now be able to access OVO’s new Heat Pump Plus deal. This, the company says, will make heat pumps cheaper to run by £495 on average per year.

With the UK government target set to install 600,000 heat pumps per year by 2028, the new add-on is designed to support existing heat pump homes with their ongoing running costs and aims to encourage more households to transition from a gas boiler to a heat pump.

Homeowners will have two separate rates – one for their heat pump, and one for the rest of their household energy usage. Both new and existing Vaillant customers can access the new rate.

Vaillant’s research into the installer appetite for upskilling to install heat pumps found that more than 70 per cent of installers considered heat pumps to be too expensive for consumers. Combined with further research, more than half of the UK (52%) would want to replace their gas boiler if they could afford to do so, and three quarters (75%) say they would make the switch with a roughly 50% reduction in running costs.

This new partnership has been introduced to tackle the cost barrier when it comes to running costs. And, when combined with the £7,500 Boiler Upgrade Scheme grant from the Government to help towards installation, thousands more households would be able to benefit from a cleaner and more efficient heating system.

Overall, the interest in low carbon technology is growing. One in 4 (26%) people in the UK want to install a heat pump more now than they did one year ago, with almost a third (32%) stating it’s because operating costs are going down, while almost half the country (45%) think Government support makes it more appealing.

More details of the partnership are at https://professional.vaillant.co.uk/for-installers/business-support/developing-your-business/heat-pump-plus/