22 September 2023
Russell Dean, Residential Product Group Director at Mitsubishi Electric responded to the Prime Minister's announcement.
He said: “We welcome the government’s decision to increase the financial support available to households via the Boiler Upgrade Scheme to £7,500. This will help offset the cost of installing a heat pump for homeowners ahead of implementing the Future Homes Standard in 2025.
“Home heating currently accounts for almost a fifth of overall carbon emissions in the UK, so changing how we heat our homes will continue to play a crucial role in reaching current targets for net zero. To do this, we must focus on transitioning away from reliance on oil and gas boilers and towards more renewable energy sources like heat pumps.
“Heat pumps are three times more efficient than fossil fuel boilers, and we are highly confident in their ability to help in decarbonising home heating and contributing to the delivery of net zero by 2050 – with the government currently targeting 600,000 installations per year by 2028.
“This means a concerted effort is now needed to support the wider adoption of heat pump technology, including greater clarity for industry from the government and a firm date for the ending of oil and gas boiler installations. Lowering energy usage by insulating the existing housing stock, decoupling the price of electricity from gas and upskilling the next generation of heating engineers will also help support the transition to renewable home heating as we aim to reach net zero by 2050.”
“The industry needs certainty to continue with its investment; this will inevitably provide huge opportunities for employment and growth. We look forward to upcoming announcements on the government's continued commitment to net zero.”