Hi,
I've been reading through and lurking for a while, thinking about changing the heating for my house, triggered by a boiler failure (now fixed) earlier in the year.
Interested in the decision - ASHP now, later in the context of RHI changing to grants in 2022.
Context
I'm in an older property, South Wales so relatively cold/wet location.
~145m2 , Oil fired central heating/hot water
~18-20kWh /(1,891 litres oil) annual equivalent spend on oil averaged from real litres bought over the last couple of years
Annual heat loss kW ~10kW
Question/thoughts
If I went air source this year - upfront investmetnt with the bulk of that coming back via RHI.
If I wait until next year (or later, or say when the oil boiler backs up) - the new green grant thing ~£4k
On the face of that it would say go air source earlier if I'm going to do it
- but
Is the current marketplace inflated by RHI to drive the payback into installer upskilling, and will the new lower 4k grant mean the total install costs drop accordingly or just the proportion investment from the end user goes up to meet the gap?
Assuming the ASHP market cannot stall - something has to budge?
Literally in two minds right now - the ASHP running costs vs. oil are not obviously cheaper - my installer thinks perhaps 20% saving, my back of the envelope calcs come out anywhere between evens and 15%, and that needs heating oil to go above 50p/Litre.