Industry warns of dangers of slashing heat pump subsidy
Summary
The article reports concerns that the government may reduce funding for the Boiler Upgrade Scheme, a subsidy supporting heat pump and biomass boiler installations. Industry figures warn that any cut could weaken consumer demand, disrupt contractor investment, and slow wider retrofit activity linked to heating upgrades.
Why it matters
Residential property surveyors increasingly encounter energy-efficiency and retrofit considerations in valuation, refurbishment, and advice on existing homes. Changes to heat pump incentives could affect homeowner decision-making, renovation viability, and the pace of decarbonisation-related improvements in the housing stock.
Key points
- Reports suggest the Boiler Upgrade Scheme could be cut to help fund defence spending.
- Industry leaders say the scheme has supported around 2,500 heat pump installations per month.
- A reduction in subsidy could weaken consumer demand and create uncertainty for contractors and manufacturers.
- Heat pump upgrades can act as a catalyst for broader renovation and energy-efficiency works.
- DESNZ said it will set out funding plans for national security investment in the autumn.
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