Heat pump installations to triple in 2024 with costs dropping to as little as £500, claims Octopus Energy

Heat pumps are an alternative to traditional boilers
Heat pump installations are predicted to triple in 2024 with costs potentially reducing to just £500 (Image credit: Vaillant)

Numbers of heat pump installations are predicted to triple in 2024 by Octopus Energy in a boost to UK hopes of reaching net zero goals.

During an Environmental Audit Committee (EAC)’s inquiry MPs were told this was due to declining costs involved with installing heat pumps, as well as new advances making more homes suitable for the energy-efficient heating system.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.