As we move towards 2050 and the UK’s target of carbon neutrality, we need to start taking steps now to reduce our reliance on fossil-fuel based heating solutions in our homes. Oil-based heating systems are starting to be phased out by the government due to their damaging impact on the environment and the high carbon emissions they produce. In addition to this, all new homes will have to be built with low-carbon heating by 2025, which means that now is the perfect time for owners of oil boilers to look at alternative and renewable solutions, such as air source heat pumps.
Air source heat pumps versus oil
As an alternative to mains gas, oil is one of the major fuel types used to heat homes across the country and is most commonly found in rural communities that are not connected to the gas grid. For homeowners reliant on oil, an air source heat pump could be a worthwhile investment to future-proof your home.
Below we outline several of the key benefits air source heat pumps can have over oil-based heating.
Reducing your energy bills
An air source heat pump can offer a great opportunity to cut your heating bill when compared to oil, as your usual spend on oil will be replaced by the small amount of electricity a heat pump uses. We have calculated that over 7 years the typical Igloo Energy customer could save nearly £3,000 on fuel costs alone by switching from oil to an air source heat pump – click the link and scroll down to see our calculator.
The disadvantage of oil pricing
In addition to the higher cost of oil, another key disadvantage is that prices often fluctuate and you can never be sure how they will change before your next top up. Oil prices are influenced by several different factors including surges in demand, unexpected cold weather and political developments affecting oil pipelines, all of which have an effect on supply chains and ultimately determine the price you pay.
This uncertainty makes it much more difficult to budget for your home’s heating costs. Despite a sharp drop in oil prices so far in 2020 due to the COVID-19 pandemic, data from the Office for National Statistics (ONS) shows a significant upwards trend since January 2016 with the average retail price per litre increasing by 90% over that time.
We all know that the extraction and burning of oil is bad for the environment. Air source heat pumps on the other hand are one of the few heating solutions backed by the government to help us build a greener future. Air source heat pumps use electricity to generate heat and hot water, and since over 36% of the UK’s electricity is generated from renewable sources that means you can use significantly less fossil fuel to heat your home.
For this reason, the government currently offers subsidies for every unit of heat produced by qualifying heat pumps through the Renewable Heat Incentive (RHI) and Metering & Monitoring Service Package (MMSP). Furthermore, these payments are in addition to any savings you make on your heating bills.
Servicing and maintenance
A home oil tank can produce large amounts of soot and dirt and typically requires regular maintenance to change filters. With air source heat pumps this a thing of the past. Our Metering & Monitoring Service Package (MMSP) constantly monitors the performance of your heat pump to give you peace of mind. In the rare event that anything does go wrong, our 7-year hardware warranty has got you covered.
Comfort and control
When using oil to heat your home, you depend on a supply line and delivery by road, which can be particularly unreliable in rural areas. In the event that a delivery is missed there is even a possibility you could run out, meaning you may not be able to heat your home when you need to.
An air source heat pump gives you greater control with on demand access to heating whenever you need it while maintaining a comfortable temperature for you and your family. Heat pumps work even during unexpectedly cold periods, and can maintain the heat you need at temperatures as low as -25°C.
If you’re considering making the switch from oil and would like to book your virtual home survey then click below or give our team of experts a call on 0333 016 4500.