Hi
A bit of context - currently about to start on a self new build - 280sqm 2.5 storey brick and block house. It’s green belt with no mains gas. North west of the UK.
We are evaluating whether to go ASHP or sink an LPG tank. If we forget the install costs for ASHP which will be a fair bit higher than LPG, and the lack of ‘instant’ heat with ASHP, am I right in thinking it’s difficult to see how ASHP stacks up financially?
LPG prices currently hover around 35ppl to 40ppl. A litre of LPG contains roughly 7kWh of energy so equates to circa 5 - 6ppl.
Assuming we averaged a COP of 3.5 on an ASHP, current electricity prices are circa 20p per kWh so energy cost for ASHP is roughly the same. But deviations in COP (especially as 3.5 would be unlikely for DHW) means it’s pretty close and LPG is likely to be more economical in the short to medium term - along with some functional advantages (instant heat, no large unit etc).
My current thinking was to design the house for ASHP (oversize rads, UFH, unvented cylinder, mains electric circuit for future pump), put a 2k LPG boiler in, and only switch if LPG prices grew over electricity.
I really want to go all in on this technology because burning hydrocarbons is ‘last century’ but I also want to be objective regarding the cost.
Thanks in advance