Octopus energy launches heat pump

Octopus energy launches cheap pump

A price war beacons as competition in the heat pump space…well…heats up.

Octopus energy is launching a cheap heat pump to rival British Gas. It’s reported in the telegraph that buying and installing Octopus’s new self designed heat pump will cost homeowners as little as £2,500.

The announcement comes hot on the heels of British Gas’s own announcement a few weeks ago that they were launching a new range of affordable heat pumps. According to British Gas’s website their prices start from £2,999 in England and Wales which includes the Government’s £5000 Boiler Upgrade Scheme grant.

These announcements are great news for home owners wanting to take advantages of this new technology. A price war heating means good news for consumers. And with the government pushing to install 600,000 heat pumps a year in UK homes by 2028, more competition in the space can only be a good thing.

Installing a heat pump can be a daunting prospect, but our guide to heat pump installation explains the whole process. We also have a comprehensive guide to the cost of installing and running both an air source and a ground source heat pump, as well as coverage of all the government help available.