Heat Pumps: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what fiscal steps he is taking to incentivise the uptake of heat pumps.
Answered by Miatta Fahnbulleh
The Boiler Upgrade Scheme (BUS) provides grants to property owners to enable them to transition away from fossil fuel to low carbon heating. The grant available under the scheme for air source heat pumps and ground source heat pumps is £7,500, and £5,000 is available for biomass boilers. Funding for the BUS has increased to £295 million for this financial year.
The Warm Homes: Local Grant (WH:LG) and Warm Homes: Social Housing Fund (WH:SHF) provides funding to support low carbon heating, including heat pumps, and the installation of energy efficiency measures.
The grants are in addition to the 0% rate of VAT on the installation of heat pumps and biomass boilers, which will last until March 2027.
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