To support seven million buildings in England to switch from fossil fuel heating to a heat pump or heat network by 2035, government should incentivise building owners, including private landlords by:
- providing a subsidy of £7,000 per property owner for installing a heat pump or connecting to a heat network from 2024, with information published on how this subsidy will reduce over time as take up increases and installation costs fall
- providing zero per cent financing for the upfront costs above the subsidy
- taking policy costs off electricity bills and ensuring the cost of running a heat pump is lower than the cost of running a fossil fuel boiler
- making the process of installing a heat pump or low carbon heat network as fast and simple as possible.
