On average, the total cost of installing an air source heat pump falls between £9,000 and £11,000, but this is not the full story. It is also important to take day to day running costs, potential savings, and possible earnings via the Renewable Heat Incentive (RHI) scheme.
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The costs of installing an air source heat pump can vary from £8,000 to £18,000, while ground source heat pump costs can range anywhere from £20,000 to £35,000.
An air source heat pump will typically save you £2,827 over its lifetime, compared to a gas boiler.