george2019 said:Where do you get 5% return on capital??
Flyfisher said:‘eat pump’ :lol:
When planning the heating for our house, which had only open fires, I considered a ground source heat pump because they were the most efficient at the time and we are fortunate to have plenty of space around the house for the underground pipe work. But the efficiency of such systems 10 years ago was touted as around 300% and my other option was to install mains gas, which is around 3x cheaper per kWh than electricity. So I decided against spending 5-figure sum on a system that would be no cheaper to run than a mains gas system. No doubt the economics will change in the future but I think that will take decades by which time almost any heating system would require a major revamp anyway.
Flyfisher said:As far as the heat pump is concerned the input is 1kW of of electrical energy and the output is 3kW of heat energy. Sounds like 300% to me. How would you describe it?
Flyfisher said:I guess that's the difference between marketing and physics.
george2019 said:Where do you get 5% return on capital??
RHI does help a lot with heat pumps.
shobo said:It seems there are very few installers, and they are all accredited to operate the RHI scheme.
I hadn't been looking at RHI, and didn't even know it existed, but since its out there, I would apply for it - BUT, it seems I would need an EPC to qualify, but since my cottage is 1600s and listed I might struggle to get a meaningful EPC or one at all, so far installers are telling me that therefore I won't be eligible.
shobo said:Can't be precise, but I estimate that the cost of electricity in operating an ASHP, though big in terms of what one might expect from an appliance, will be less than the cost of burning oil.