Yes, especially if you’re replacing an older, G-rated gas boiler for a well-designed heat pump.
Topping up your home’s wall, floor and loft insulation before installing a heat pump will help reduce its running costs.
If you already have solar panels, you can save more by using the free energy they generate to power your heat pump.
A solar battery can increase your savings even further by storing the sun’s energy to power your heat pump later in the day.
The government is considering ‘re-balancing’ electricity and gas prices, aiming to make heat pumps cheaper to operate than gas boilers in the future.
Remember: not everyone who installs a heat pump will see savings straight away. This is because electricity is currently more expensive than gas. So, if you’re replacing a much newer, more efficient gas boiler for a heat pump, your energy bills aren’t likely to go down just yet.