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Funding and Finance Hub

Funding your change to an energy-efficient heat pump? Find out more about the different incentives on offer, and how to make your eco-friendly home even more affordable.

Eco-friendly heating that’s better for the planet
– and your pocket

Achieving a warmer and more eco-friendly home could be easier than you think. In fact, there are a number of ways make your Daikin Altherma heat pump more affordable, so you can enjoy a positive change for years to come.

With Daikin’s high-performance technology, not only could you save hundreds on your heating bills every single year – you may be eligible for financial incentives to help you offset the cost of installation, too.

And it’s simple to find which government grants, financial incentives or cashback schemes are available to you.

In fact, it’s as easy as 1, 2, 3.

Step 1

Download your Daikin Boiler Scrappage Voucher

Receive up to £600 when you choose to replace your old boiler with a Daikin Altherma heat pump

 


We’re helping homeowners across the UK offset the cost of upgrading their home heating systems when they choose to replace their old boiler with greener Daikin technology.

If you have an LPG, oil or solid fuel boiler, we’ll give you a boiler scrappage voucher worth up to £600 cashback when you replace your old inefficient boiler with a Daikin Altherma heat pump.

 


This offer is exclusive to Daikin, and includes £500 cashback per Daikin heat pump outdoor unit plus an additional £100 cashback if you choose to become a case study candidate.

 


Our exclusive offer is available from 1 June 2020 to March 2021, and is available to individual private homeowners who are having their Daikin heat pump installed via the Daikin Sustainable Home Network.

Simply download the voucher now, and claim your cashback once your new Daikin Altherma heat pump warranty has been registered.

For full terms and conditions, visit our Boiler Scrappage Cashback page.

Step 2

Green Homes Grant

Claim £5,000 upfront towards the cost of your heat pump

 


The government’s Green Homes Grant is offering UK homeowners up to £5,000 upfront to make energy-saving improvements to their properties – and that includes installing a Daikin Altherma Heat Pump.

 


You could get vouchers covering at least two-thirds of the cost of your improvements, up to the value of £5,000.

If you’re in a low-income household, or in receipt of certain benefits, you may even be eligible to pay nothing at all for your home improvements, up to the value of £10,000.

 


There are 600,000 vouchers available for UK households until March 2021, available for homeowners and landlords looking to install at least one of the government’s primary energy-efficiency measures in their property.

Daikin Altherma air-source heat pumps qualify as a primary measure, and will be eligible for the Green Homes Grant.

 


You’ll also need to choose an MCS or TrustMark accredited installer to meet certain levels of safety and quality throughout your installation. 

At Daikin, we’ve always placed quality and customer service first, and our Sustainable Home Network includes many MCS accredited experts. When you choose our experts to install your heat pump, you’re also choosing trusted professionals with a mark of quality.

 


The government is set to launch this scheme in September 2020. You can visit the government’s Simple Energy Advice website for more details.

Step 3

Renewable Heat Incentive

Get paid for generating renewable heat for seven years after installation

The domestic Renewable Heat Incentive has been extended until 31 March 2022. The domestic RHI gives UK homeowners the opportunity to earn money back on their heat pump once it’s been installed.

You’ll receive quarterly payments for seven years from the date you apply, with tariff-based payments for every unit of renewable heat your system generates.

Payments from the domestic RHI are calculated on a tariff basis for every unit of renewable heat it’s estimated your system generates. You’ll receive quarterly payments for the first seven years your technology is installed.

For a highly efficient Daikin Altherma heat pump, this could add up to around £10,200 for a four-bedroom home* – although if you also claim the Green Homes Grant, your future RHI payments will be reduced by the amount of funding you received upfront.

Plus you could receive another £1,610 over seven years, for having a metering and monitoring service package installed alongside your heat pump.

*RHI payments, as calculated in Daikin Heating Solutions Navigator report, based on the capacity requirements of a two storey, four-bedroom detached house, 150 sq.m, built between 1991-2005, in the Midlands, with a heat loss of 8.86 kW

There are certain eligibility criteria you’ll need to meet – and stick to – in order to qualify for these ongoing payments. Some of these rely on your home’s energy performance, and others on your technology’s efficiency.

All eligible Daikin Altherma heat pumps exceed the technical quality standards needed to qualify for the domestic RHI scheme.

As with the Green Homes Grant, your heat pump should be installed by an MCS accredited installer, like a member of the Daikin Sustainable Home Network. Our experts can also guide you on how to ensure you remain eligible for the domestic RHI scheme for its duration.

Discover more information on the gov.uk website, or take a look at the current renewable heat payment tariffs via the Ofgem website

You can also talk to one of our qualified Sustainable Home Installers in your area.