UK Government’s Push for Heat Pumps Could Cost Taxpayers £115 Billion: Study

UK Government’s Push for Heat Pumps Could Cost Taxpayers £115 Billion: Study
Undated photo of a heat pump. Octopus Energy/Handout via PA
Alexander Zhang
Updated:

The UK government’s push for British households to replace their gas boilers with low-carbon heat pumps would cost taxpayers £115 billion ($150 billion), a new study has warned.

The government’s three-year Boiler Upgrade Scheme came into force on April 1, which pays households £5,000 ($6,509) towards the roughly £18,000 ($23,400) bill of purchasing and installing a heat pump.