I've recently got quotes for heat pumps, and found one at £4,000 for a Mitsubishi 5/6kw Heat pump, and a 200L cylinder in the loft with 7 radiator upgrades after the gov grant. I'll be adding this onto my remortgage so it's costing a couple of quid a month for the upfront cost.
I live in a 2019, 3 bedroomed, small new build so it's very efficient, usually only need the gas combi boiler heating on for 2 hours a day max when it's currently about -1 degrees c. If i get onto the heat pump, I can cap the gas off and stop paying the standing charges for it.
I'm currently on Octopus Intelligent with my EV, and I get cheap rates of 7.5p between 23:30 and 05:30, and can get more hours of this within the day when 'charging' my car. Outside of this, it's 30p kw/h. On a usual day, I can get 7.5p kw/h between ; 09:30 - 12:00, 14:00 - 16:00, 20:30 - 22:00, 23:30 - 05:30.
My question is, I know heat pumps should be left on 24/7 at a set temperature. However, I could run the heat pump 4x cheaper than the normal electricity rate if I keep within those set times to reduce to 7.5p kw/h. If I set the schedule on the heat pump heating to only run between the above hours, as well as the hot water heating within those times, will it be enough to heat the house? We're comfortable with about 18 degrees, so don't need the house super hot.