logo
Householders with heat pumps more satisfied than those with gas boilers

Householders with heat pumps more satisfied than those with gas boilers

A survey of 3,000 nationally representative British households as part of a quarterly tracker study of homeowners across four countries reveals 94% of heat pump owners are satisfied with their heating tech.
Half of those with heat pumps are extremely satisfied and 44% are satisfied with the clean tech heating their home.
The survey also found 85% of people with a gas boiler – the main way homes are heated in the UK – are happy with them, with a little over half of gas boiler owners (52%) saying they are satisfied with their heating system, while a third (33%) are very satisfied.
Other heating systems, including oil, wood and coal, and electric storage heaters, had lower satisfaction levels.
Insights agency Electrify Research's Homeowner Electrification Tracker Study (HETS) surveys more than 4,000 homeowners quarterly across the UK, France, Germany and the US, quizzing them on heating systems, electric vehicles and solar power.
Large-scale deployment of clean electric-powered heat pumps is seen as key to replacing the widespread use of gas boilers in heating to reduce carbon emissions from homes as part of targets to cut greenhouse gases to 'net zero' by 2050.
While the number of heat pumps being installed in the UK is growing, with the help of Government grants, it remains far below what will be needed in coming years to meet climate change targets, and only a small proportion of British homes have them.
Concerns about heat pumps including upfront installation costs and disruption, and whether they will work in people's homes.
The independent Climate Change Committee has found households would save around £700 a year on heating bills by 2050 from a shift to the highly efficient heat pumps, but also warned electricity costs need to be reduced to ensure households making the switch feel the cash benefits.
Ben Marks, managing director at Electrify Research, said: 'Heat pump owners are actively pleased with the heating systems – more so than all other types of system we asked about.
'Heat pumps sometimes get a lot of criticism in the popular press, but when you talk to their owners, they're generally delighted with them.
'This is important information that those considering the switch should consider as part of their decision-making process.'
Minister for energy consumers Miatta Fahnbulleh said: 'Demand for heat pumps is growing rapidly, with figures showing 2024 was a record year for installations, up 63% on the previous year, as more families take up our £7,500 grant.
'So it's fantastic to see that once people have made the switch they are really happy they did, and it's no surprise with households able to save £100 a year on their bills when using a smart tariff.'
She said the Government is planning to expand its grant scheme to include air to air heat pumps and heat batteries to give families greater choice when upgrading their home heating.
Garry Felgate, chief executive of The MCS Foundation, a charity which supports the decarbonisation of homes, said the results backed other evidence that householders 'really liked' their heat pumps.
'Heat pumps provide affordable running costs, consistently comfortable temperatures, and the satisfaction of knowing that your heating is not contributing to climate change,' he said.
He added that Government-led information campaigns on heat pumps had helped increase installations, and said: 'Households must continue to be supported with information on how to install and operate heat pumps, so that more people can benefit from lower bills, increased comfort, and clean energy.'
Commenting on the findings, Sue Davies, Which? head of consumer rights policy, said: 'Heat pumps can be a great way to heat your home and cut your home's carbon emissions.
'They can also help to cut energy bills, particularly if they are used with a time-of-use tariff.'
But she said installing a heat pump could involve complex and costly decisions, and Which? research showed high upfront costs and a lack of confidence in the technology remained some of the biggest barriers to installation.
'In order to support the transition to heat pumps, the Government needs to make sure the upfront costs of installing a heat pump are more affordable and people have access to good-quality independent advice and reliable installers so they can be confident they have the right heating system for their home,' she said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

John Swinney to consider imposing state boycott on Israel
John Swinney to consider imposing state boycott on Israel

The National

time2 hours ago

  • The National

John Swinney to consider imposing state boycott on Israel

Scottish Greens co-leader Ross Greer has written to the First Minister demanding that he adopt the principles of the Boycott, Divestment and Sanctions (BDS) campaign, which aims to put pressure on the Israeli economy in the mould of the anti-apartheid boycott of South Africa. A Scottish Government spokesperson said ministers would 'consider' the proposal, which would see official guidance issued to businesses urging them to end trade with Israel, as was done with Russia in 2022. Greer's letter to John Swinney welcomed the First Minister's acknowledgement that 'there is a genocide in Palestine', but the MSP said he disagreed with the assertion that he was 'trying to do everything I possibly can do to make sure that we apply the pressure' on Israel. Before setting out a raft of measures to implement the BDS campaigns' demands, Greer (below) said: 'As we both know and have previously discussed, there is much more which the Scottish Government can be doing to put pressure on Israel to end its genocide in Palestine.' (Image: Gordon Terris) He called for the Scottish Government to scrap part of the Local Government Act 1988 to allow councils to bar companies from winning contracts if they participated in the illegal occupation of Palestinian territory. Greer suggested this could be achieved through an amendment to the Community Wealth Building Bill. As well as issuing guidance to businesses recommending that they halt trade with Israel, Greer suggested that the Scottish Government should stop funding arms companies which have supplied Israel during the genocide and 'all other companies directly complicit in the occupation'. READ MORE: David Lammy contradicted as UK 'shares Gaza spy plane data with Israel' Pension funds should also be encouraged to divest from companies 'complicit in Israel's apartheid regime', Greer added. Finally, he suggested imposing financial penalties on 'complicit companies' through the Scottish Government's powers to impose surcharges on non-domestic rates. Speaking to The National, Greer said: 'Unfortunately the First Minister's claim that he is doing everything possible for Palestine just isn't true. Most foreign policy powers lie with Westminster, but there are still meaningful actions the Scottish Government could take, yet hasn't. (Image: AP) 'John Swinney now rightly recognises what is happening as a genocide. Those words must be matched with action, but we've seen very little of that from his government. Taxpayers' money is still being handed to companies who the United Nations has identified as being directly complicit in Israel's campaign of ethnic cleansing. 'The worst crime against humanity of our time is being inflicted on the Palestinian people right in front of our eyes. 'Scotland has a moral responsibility to act. The same approach helped end apartheid in South Africa. Now we must show that solidarity with the people of Palestine.' A Scottish Government spokesperson said: 'The Scottish Government has repeatedly called for an immediate and sustainable ceasefire, the unconditional release of all hostages and an urgent increase in humanitarian aid to Gaza. The Scottish Government will continue to press the UK Government to recognise a sovereign Palestinian state, as part of a two-state solution to secure lasting peace in the region. 'Ministers will consider and reply to Mr Greer's letter.'

Chancellor Visits Port Talbot to Outline Plans for £143m Funding to Secure Coal Tips
Chancellor Visits Port Talbot to Outline Plans for £143m Funding to Secure Coal Tips

Business News Wales

time2 hours ago

  • Business News Wales

Chancellor Visits Port Talbot to Outline Plans for £143m Funding to Secure Coal Tips

Chancellor Rachel Reeves is set to use a visit to Port Talbot to outline how £143 million of UK Government funding will secure more than 130 disused coal tips in Wales. Disused coal tips present severe risks from landslides or flooding. Last November, a disused coal tip in Cwmtillery, Blaenau Gwent, partially collapsed, forcing around 40 homes and families to be evacuated. The £118 million provided at the Spending Review by the Chancellor comes in addition to £25 million from last year's Autumn Budget, amounting to £143 million to deliver funding to protect existing homes whilst enabling new areas of land to be secured for future house building by the Welsh Government. When combined with funding from the Welsh Government, £220 million has now been earmarked to make coal tips in Wales safe. These areas previously may not have been in scope for new homes due to the presence of these coal tips but by securing tips and minimising the risk of their collapse, new homes could now be built. Chancellor of the Exchequer Rachel Reeves said: 'I know the scars that coal tip disasters have left on Welsh communities. This £143 million investment will protect families and communities from the risks posed by disused coal tips, whilst opening up sites to build new homes for hard-working Welsh families. 'These sites need to be safe, and this funding demonstrates how we are delivering our Plan for Change, putting the safety of working people first and supporting economic growth.' Welsh Secretary Jo Stevens said: 'Ensuring coal tips across Wales remain safe is of the utmost importance. We want to ensure that communities who are close to coal tips can be confident that their homes and businesses are properly protected. 'This £118 million is in addition to £25 million which has already been provided by the UK Government and is an example of how two governments working in partnership are delivering for the people of Wales.' Welsh Government Finance Secretary Mark Drakeford said: 'We welcome the extra investment from the UK Government for this vital work to protect communities living with the legacy of our industrial past. This builds upon previous years of Welsh Government funding and brings combined Welsh and UK Government funding to £220 million. We have long made the case for fair funding to address the impact of coal tips, protect homes, businesses and create new economic opportunities.' Nick Rolfe, Regional Director, Wales, Walters UK, said: 'The Walters Group is proud to be a key partner in this important work to secure, improve, and make safe disused coal tips across Wales. This significant investment from the UK Government, working alongside the Welsh Government and here at Dyffryn Rhondda with Neath Port Talbot County Borough Council, shows a strong commitment to protecting our communities and dealing with the legacy of our industrial past. 'As a proud Welsh company with a long history of working in these communities on environmental and regeneration projects, we understand how important this work is. The funding is not only crucial for keeping our environment safe and protected for future generations but also for giving local people peace of mind and confidence in the future of this area for the community and visitors that make use of the active travel routes that run the length of this project.'

How will my pension be impacted by inheritance tax?
How will my pension be impacted by inheritance tax?

Times

time2 hours ago

  • Times

How will my pension be impacted by inheritance tax?

Q. I understand pensions will be brought into the realm of inheritance tax (IHT) in the next couple of years but I wondered if there was any information concerning how the value of the pension will be assessed? Other assets have a financial value which is easily understood. They may also be given away and, provided that the rules are adhered to, may avoid IHT. I do not believe the same can be said for pensions. My understanding is that they cannot be given away during your lifetime, which is why the government is looking to include them within the IHT assessment. The real value of a pension may depend on the tax treatment it will be subjected to. When a pension is assessed for IHT purposes, is it the full value of the remaining pension that becomes part of the estate for IHT? Please note I live in Scotland — will this affect the income tax charged to my beneficiaries?Neil As you note, from April 2027 the government has confirmed unspent pensions will count towards your estate for IHT purposes, meaning more people will be affected by the tax. That said, despite IHT being one of the most unpopular taxes in the UK, it is levied on a minority of households — so it might not affect you at all. About 5 per cent of deaths result in any IHT being paid, though the inclusion of pensions may double this proportion. You will need to exhaust your nil-rate band of £325,000 and main-residence nil-rate band of £175,000 (an extra allowance for those leaving their home to a direct descendant on estates worth up to £2 million) before any of your estate is exposed to an IHT charge of 40 per cent. Furthermore, if your estate, including any pensions after April 2027, is being inherited by your spouse or civil partner, there will be no IHT to pay at all. And in general terms, it is best not to let the tax tail wag the pensions or investment dog. To confirm, it will be the full value of your pension, before income tax, that is assessed for inheritance tax. Tax, including IHT, is clearly a consideration when making retirement decisions, but it should not be the only consideration. If you die before age 75 your pension, up to a limit of £1,073,100, can usually be passed without your beneficiaries having to pay income tax when they withdraw it. Above the limit they will pay tax at their normal rate. If you die after age 75, your beneficiaries will pay income tax on all of the funds at their normal rate. These rules will still apply when defined contribution (DC) pensions become subject to IHT from April 2027. For those unfamiliar with the jargon, a DC pension is a retirement pot where how much you build up is based on what you pay in and investment growth. Your contributions benefit from upfront tax relief, the growth is tax-free and your money available to access as you wish — with up to a quarter available to take tax-free — usually from age 55 (rising to age 57 from April 2028). The alternative is a defined benefit (DB) pension, where you are paid an income for life, though these are increasingly rare as they are so expensive to fund. Where it can be passed on (usually to a dependant) this income will remain free of IHT when the rules change. Annuities, an insurance product that pays an income for life, which can sometimes be passed to a named beneficiary, will also remain IHT-free. However, certain lump sum death benefits from defined benefit (DB) schemes will be subject to IHT from April 2027. Broadly, any money left in a DC pension pot on death — whether it's untouched or has been put into 'drawdown' — will count towards your estate for IHT purposes. IHT will only become a factor if passing it on to someone other than a spouse or civil partner and the total value of your estate exceeds your IHT nil-rate bands. In terms of valuing DC pensions, that shouldn't be a problem as they are all cash amounts. On gifting, there is nothing stopping you accessing your DC pension and handing the money to loved ones. Provided that you live for seven years after making the gift, this money should be IHT-free. On income tax, these proposals are UK-wide but it will be the income tax rate that applies to your beneficiaries in the country they live that will apply. Income tax rates in Scotland are different from those in England and Wales, with a lower starter rate of 19 per cent on income between £12,571 to £15,397 a year, but a number of extra income bands and a top rate of 48 per cent on income above £125,140, instead of 45 per cent. Any beneficiaries living there could pay a higher tax bill if they withdrew a large sum in one year than if they lived elsewhere. Tom Selby is the director of public policy at AJ Bell and has successfully campaigned for retirement reforms such as banning pensions cold-calling and increasing pension allowances

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store