Why isn’t the government supporting landlords investing in heat pumps?

Why isn’t the government supporting landlords investing in heat pumps?

0:01 AM, 22nd November 2024, About 5 hours ago

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Due to the skyrocketing costs of energy, two years ago we started replacing existing gas-fired boilers with air source heat pumps, solar panels to generate electricity, and battery storage. It cost a lot, and with only a £5,000 grant (now £7,500), it was a big investment.

The first house we did was a large Victorian property (built around 1925), with high ceilings, two bathrooms, and six tenants. It’s north-facing, and at the time, energy costs were at least £450 to £550 a month. After the installation, by March/April, the costs dropped to £180. Over the first year, we saw a 25% reduction, and even during winter months, energy costs never went over £450 and this was with heating and hot water running 24/7, which is the proper way to run heat pumps.

Since then, we’ve installed two more systems with the same results — lower costs, no noise (you can hardly notice it), and no help or advice from muppets like Miliband or the local council! Didn’t have to increase any costs to HMO tenants, where all bills are included.

Yes, we made money, but the downside is I paid more tax. Can’t win! Oh yes we did, hopefully making a better planet for our children and theirs? Why isn’t the government doing more to support landlords making these changes?

Thanks,

John


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