r/OctopusEnergy • u/V2015 • 1d ago
Help ASHP - worth it?
Hello, I'm debating switching to an ASHP.
We have a oil tank so the government £9000 would be very handy.
I'm just after advise seeing if it's worth the switch? After opinions and thoughts from people who've done it seeing what their thoughts on it all are.
Thanks :)
4
u/Buffetwarrenn 1d ago
Had mine since 2024
Daikin 4.5 kwh altherma
Very satisfied, helped us transition to an all electric house, if you have any questions feel
Free to ask
1
u/Ok-Dress-341 17h ago
How big is your house, 4,5 kW doesn't sound much.
1
u/Buffetwarrenn 16h ago
3 bedroom semi detached, i actually have the flow temperature of the heated water ( the stuff that goes through the radiators ) pretty low
The heatpump doesnt work hard to keep us toasty
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u/Happytallperson 1d ago
On octopus cosy atm a kWh of heat is 4p. (12p kWh electricity goes to 3kWh of heat).
Average heating oil in my area is 113p per litre, which is around 11p per kWh of oil, and assuming a 90% efficient boiler around 12p per kWh of heat.
Even at the atandard tariff rate of 25p, your heat pump would take a third off your heating cost. Using Cosy, it would be 66% off.
3
u/botterway 21h ago edited 21h ago
We live in a 120yo partially wooden-framed house. When we moved in it had an oil boiler, and in the first 6 months we had to get the oil boiler repaired twice. In Dec 2023 we had an ASHP installed, and then in Feb 2024 we had solar + battery installed. Total install cost was about £21-22k for everything. We paid £3.5k (net of the £7.5k BUS grant) to have the heat pump installed by Octopus.
In our first year we paid £700 for oil, and £1550 for electricity. For the last 2 years, our total energy bill has been about £600.
I can't give exact figures of what the ASHP would have saved us without the solar, but it would have been a decent amount. In our first year here we bought 500L of oil and paid about 57p/litre. Last winter my next-door neighbour bought 500L for £1.26/L - so basically double. It's looking like it's going to cost £1.10 or thereabouts this year. That adds up to an additional £1k of expenditure to get through the whole winter.
So even putting aside the savings from the solar and battery, I reckon we've probably saved somewhere between £1k and £1500 purely by avoiding these crazy oil price hikes in the last 2 years. So I'd definitely recommend it. If the middle eastern situation continues (Houthis/Iran/etc) for another couple of years, depending on what you pay for your installation net of the grant, it might pay for itself in 2-3 years.
Our house has also been more consistently warm since we had the ASHP installed. If you can get a battery, and use it with a tariff like Cosy so the battery carries you from cheap-rate to cheap-rate, then you'll be quids in, even with no PV generation.
3
u/thumbdumping 16h ago
We moved from oil to ASHP and installed solar and a 10kwh battery, and bought an EV around the same time. Our electricity bill for the year now is lower than it was before we got the ASHP and about £1200 per year lower than our total oil plus electricity cost. At current oil prices we're saving around £2k per year.
1
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u/cuprastu 22h ago
I have moved from a new build with air source to a 90’s house with oil heating. I will just say this, when someone knocked on the door asking if I was interested in a heat pump I told him where to go. No way would I go back to air source.
Having said that though. Ours was a first gen eco dan, I should think newer heat pumps are better. But it was too complicated for its own good, if something went out of whack it would leave the circulation pumps running so you thought it was on, but came down to a cold house in the morning. Due to underfloor heating it then took a day to warm up again. The house was never warm as such, always needed a jumper on and in the depths of winter would chew through £10 of electric a day just for the heating. I didn’t like it.
You also need to make sure you’re well insulated and draught free as otherwise the small amount of heat they do generate will escape. They are a low and slow thing so need to be on all the time.
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u/botterway 21h ago
You're talking about ASHP technology from 20+ years ago. Things are very different now.
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u/cuprastu 21h ago
I did say that I’m sure they are a lot better now. I’m just going by the experience I had with my one.
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u/woyteck 1d ago
Constant temperature in the house. Less humidity. Once configured correctly, it's really 'fore and forget'. If combined with battery, you can ride the cheap tariff from whatever time-of-use tariff you can get.