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

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

9:01 AM, 22nd November 2024, About a month ago 38

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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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JaSam

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8:05 AM, 22nd November 2024, About a month ago

Why should they, all landlords are filthy rich and can easily afford to pay for this themselves and not pass any costs onto the tenants!

On a side not would be interested to know what measures were put into your 1925’s home. I.e cavity wall PM me please.

NewYorkie

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9:54 AM, 22nd November 2024, About a month ago

You say you made money, but all I can see is you paid many, many more £ thousands over and above the small grant, for a reduction in energy costs. How long will it take for you to recoup the outlay?

As to why doesn't the government provide more funding? They know the true cost and that it really isn't the answer, despite all the virtue signalling.

John Grefe

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10:04 AM, 22nd November 2024, About a month ago

Hi JaSam
Yes, I'm very willing to talk about what measures installed to achieve this.
As the house was built in 1925 circa there wasn't any cavities. Didn't want to spoil the character of the house so used the high ceiling(2.9metre) to my advantage-reducing them by 300mm(suspended ceilings) plus 100mm insulation to the first floor. Also, the north facing of the house that is also the busy City street, replaced the existing double glazing with triple. (£11000.) Some of the radiators were increased in size, about 4 out of 11. Dilapidated back door replaced with triple unit. The radiators upgrades were necessary to the other two house - one built in 1898 circa other a similar year.
Ask Property 118 if you wish to contact me? I am willing to have a chat. John

John Grefe

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10:09 AM, 22nd November 2024, About a month ago

Reply to the comment left by NewYorkie at 22/11/2024 - 09:54
Hi NewYorkie. It's more than how much time it takes to recoup the outlay. To make this planet a better place for future generations. Any government especially this bunch of muppets don't have a clue. Person in mind is Milibank - planning to spent £25 billion for carbon capture. Waste of our tax pounds!

TheMaluka

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10:18 AM, 22nd November 2024, About a month ago

Reply to the comment left by John Grefe at 22/11/2024 - 10:09
Carbon capture would not be a waste of time if every nation contributed in both reduction and capture, especially China, India and the USA.

Keith Wellburn

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10:18 AM, 22nd November 2024, About a month ago

As a side issue, it’s the running of heat pumps 24/7 that I have a problem with (a correct acknowledgment that are pretty useless for ‘on demand’ applications)

Whilst a large HMO is great for this 24/7 application, those like me who remember life before central heating and don’t spend winter evenings in shorts and T and are averse to any heating overnight in a bedroom and are either out or busy moving around at home in the day - they come across as the most ridiculous idea.

I have a large high ceiling original sash window Victorian home in a Conservation area and with very decorative internal plasterwork (don’t want internal or external wall insulation) modern boiler but with cast iron column radiators. The CH usually goes on for an hour or two around tea time when it’s very cold (admittedly much more when I have guests). The wood burner is my preferred heating for evenings at home. To supplement that I have a small radiant electric fire (under 1kW) that is fine when sitting down for a meal and a quality old fashioned fan heater that can take the chill off a bedroom if on for ten minutes.

There is no EPC but I’d estimate an F and about 1,800 square foot. The ‘official’ heating cost would no doubt be £4,000 plus but of course it’s nowhere near that for my chosen use. I’m just waiting for the showdown when Miliband or whoever turns their attention to private dwellings.

There needs to be a concentration of resources on those who would actually benefit from the way a property is currently occupied and rather than just ticking boxes on the property alone. I’m sure it will cost £50k plus to bring my home to a C rating, lose some of the character I value and would not save me anything on the energy bills I’m currently paying or any CO2 if there is a heat pump running 24/7.

Dizzy

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10:22 AM, 22nd November 2024, About a month ago

I have an email from Department of Energy and Net Zero telling me NOT to install a heat pump.Gas is cheaper and a Heat Pump will take my EPC down.

I couldn't believe it

Keith Wellburn

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10:28 AM, 22nd November 2024, About a month ago

Reply to the comment left by Dizzy at 22/11/2024 - 10:22
A result of the EPC currently being focused on cost of energy (electricity cost 4 times that of gas).

NewYorkie

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10:33 AM, 22nd November 2024, About a month ago

Reply to the comment left by John Grefe at 22/11/2024 - 10:09
We are all entitled to our views as how the best ways to save the world, and your investment is clearly not a 'business' decision which most landlords must make. I hope your tenant's appreciate it.

We are already paying to make the UK a better place, and if green Ed gets his way, will be paying a lot more. My problem is, the UK is already way ahead of most other countries, and whatever else we do will make not an iota of difference to the lives of our children.

Keith Wellburn

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10:39 AM, 22nd November 2024, About a month ago

Reply to the comment left by John Grefe at 22/11/2024 - 10:04
There wouldn’t be much hope for my lovely 11 foot 2 inch ceilings if there is a mandatory requirement for owner occupier homes.

One of my student HMOs had nicely proportioned rooms with ceilings the same height as your example was (and lovely big original sash windows). It always let quicker (EPC E) at a higher rent than the others I had nearby furnished and decorated the same with same floor area but more modest ceiling heights and uPVC windows (EPC Cs and Ds).

Sold up now, thank goodness.

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