| Various grants, incentives and tax breaks are available for the installation of heat pumps. | | |
| In order to obtain a grant an MCS accredited installer such as Geowarmth Heat Pumps must be used. To find our more about the various benefits click on the links below and you will be redirected to the relevant organisation. | | |
| Householder grants in England and Wales | | |
| Under the DTi Low Carbon Buildings Programme in England and Wales a grant of 30% of the cost up to a maximum of £1,200 (ground source) or £900 (air source) or £400 (solar thermal) may be available for the installation of a heat pump or solar system in a residential property. | | |
| Householder grants in Scotland | | |
| In Scotland grants are available on air source and ground source heat pumps and solar thermal systems up to a maximum of £4,000 or 30% of the cost, per technology, for installation in a residential property. A maximum of two technologies can be grant funded; thus the potential grant is up to £8,000 per household. | | |
| Public sector and not for profit organisation grants | | |
| Under the DTi Low Carbon Buildings Programme Phase 2 Extended, a grant of 50% of the cost up to a may be available for the installation of a solar system or ground or source heat pump in the public and not for profit sectors. To our costs, you can add other essential parts of the installation for grant claim purposes, for example electrical connections and civils work. | | |
| Community Sustainable Energy grant scheme | | |
| Launched in 2008, with funding from the Big Lottery Fund, community groups can apply for grants of up to 50% to install heat pumps on sites including village halls, visitor centres or schools. Funding to improve building insulation is also available. | | |
| Businesses and property developer grants | | |
| Check with your local authority, Business Link, Regional Development Agency what other local or regional incentives may be available. | | |
| Renewable Energy Finance | | |
| Geowarmth can provide access to finance facilities for the installation of air source heat pumps, ground source heat pumps and solar thermal hot water systems. Through our partnership with Dimplex we can offer an alternative to cash purchase via an instalment option, which not only can reduce tha potential barrier of the initial capital outlay but can assist in matching cost against the actual benefit derived from the renwable energy and deliver tax and VAT efficiences. Contact us for further information. | | |
| Interest free loans for businesses | | |
| Businesses may be eligible for a Carbon Trust unsecured, interest free loan of up to £400,000 for installing a ground source heat pump, air source heat pump or solar thermal system. | | |
| Enhanced capital allowances | | |
| A ground source heat pump, air source heat pump or solar thermal hot water system can qualify for enhanced capital allowances allowing businesses to write off the full cost against tax in the year of installation. | | |
| VAT | | |
| Heat pumps and solar thermal hot water systems are defined as energy saving devices by HMRC and a reduced rate of VAT of 5% can be charged by us where the installation is in a residential dwelling. The proportion of the project relating to the underfloor heating or radiators will be standard rated. If the heat pump is installed during the course of construction of a new dwelling or the property is listed, our entire supply may be zero rated. If you require more information obtain downloads of VAT notices 708/6 and 708. | | |
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