Annual heat pump installation costs in the UK 2019-2023

Published by Ian Tiseo, Nov 6, 2024

The average cost of installing a heat pump in a UK home in 2023 was 11,287 British Pounds (2021 prices). This represents a six percent real terms reduction from 2021 prices. The UK government has set the target of reducing the costs of installing a heat pump by between 25 and 50 percent by 2025, relative to 2021 prices. The government has also set the target of 600,000 heat pump installations annually by 2028. 

Real terms average (mean) cost of MCS-certified heat pump installations in homes in the United Kingdom from 2019 to 2023 (in GBP)

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Release date

March 2024

Region

United Kingdom

Survey time period

2019 to 2023

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