Money
What ‘net zero’ means, and how much it’ll cost you
According to the Energy Saving Trust, you could typically expect to pay between £7,000 to £13,000 to get a heat pump installed – though our guide reveals how much installing a heat pump will actually cost you.
While grants are available, uptake has been low. In May last year, the Government’s £450m Boiler Upgrade Scheme was set up offering grants of £5,000 or £6,000 for those replacing fossil fuel heating systems with either heat pumps or biomass boilers, but only a third of the allocated funding actually got dished out.
In September 2023, Rishi Sunak upped both grants to £7,500.
But Mandip Bhamra, of SaveMoneyCutCarbon, said that households still have to find the remainder of the cost.
“Plus, the heat loss of the property has to be considered,” he said. “Double glazing is advised and radiator upgrades may also be required in order for the heat pump to run efficiently.”
Such measures could add thousands to the cost. Equally, if you’re thinking about underfloor heating, you could expect to pay anything from £500 to £8,000 for a 50 square metre single room, according to Checkatrade. Money you definitely won’t want to spend if you’ve recently splashed out on new flooring.
Separately, it’s a good idea to check whether your home insurance includes cover for your heat pump. Given they are located externally, they may be vulnerable to theft.
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level.
Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.
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