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.
Boiler Scrappage Cashback
Goodbye oil and gas.
Hello renewable heat
At Daikin, we believe in a better future for everyone. A future that means you saving money on your heating bills, while helping to save the planet.
We’re helping UK homeowners achieve complete home comfort, with high performance, low carbon heat pumps.
Replacing your boiler with a Daikin heat pump could not only save you hundreds on your energy bills every year, and help you avoid the energy price spike – we’ll also give you £500 boiler scrappage cashback when you switch your old oil, LPG or solid fuel boiler for a Daikin heat pump.
There’s never been a better time for change.
Boiler Upgrade Scheme
Boiler Upgrade Scheme
From April 2022, UK households will be able to apply for a £5,000 grant to swap their gas boiler for a low-carbon heat pump.
Which systems will be eligible?
- Systems are eligible up to a capacity limit of 45 kWth
- Installed in households in England and Wales
- Except for self-build properties, heat pumps will only be eligible where they replace existing fossil fuel systems or direct electric systems
- Systems must have a minimum SCOP of 2.8
- Fossil fuel hybrid systems or systems used for process heating are not included.
How does the scheme work?
The Boiler Upgrade Scheme will provide grants of £5,000 towards the installation and upfront cost of air source heat pumps and biomass boilers, and grants of £6,000 for GSHPs. There will be a voucher-based delivery mechanism led by the installer for grant application and redemption.
All installers participating in the scheme must be MCS certified and members of a Consumer Code that ensures customers are protected by a Trading Standards Institute Approved Code of Practice.
Renewable Heat Incentive
Open to applications until 31 March 2021, the Renewable Heat Incentives could offer you payments 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.