Will a Heat Pump Save me Money?

At Your Energy Your Way, we speak to a lot of homeowners who worry that it will cost them more to run a heat pump that their gas boiler. And when we dig deeper it turns out they are also frustrated with the “on for a few hours, off for the rest” way of heating their homes with gas boilers. Especially with so many people now working from home.

It’s the same pattern across the UK: the house is warm in the morning and evening, chilly in between, and homeowners are still facing an annual gas bill that hovers around £837 a year for the average household.

But it doesn’t have to be that way. Heat pumps - when combined with smart tariffs and smart thermostats - are now not only cost-competitive with gas, they can also give you a consistently warm and comfortable home all day, every day.

The Gas Boiler Household

• Heating pattern: 21 °C for 10 hours/day, drop back to 15 °C the rest of the time.

• Annual bill: Around £837 at 2025 prices for the typical home.

• Comfort: Warm during “on” hours, cooler the rest.

It’s the familiar compromise between comfort and cost.

The Heat Pump Household

• Heating pattern: Home at 21 °C all the time, no cold spots.

• Electricity needed: About 2,430 kWh per year to deliver the same heat.

• Cost on a standard tariff: Roughly £730/year - already on par with gas, but with far better comfort.

  
  

Add Smart Tariffs - and the Savings Jump

Heat pumps can be scheduled to work harder when electricity is cheaper. Smart tariffs make this possible:

• Homely Smart Thermostat learns your home’s heating needs and shifts demand into low-price hours.

• OVO Heat Pump Plus offers a reduced electricity rate for your heat pump.

• Octopus Cosy provides two off-peak windows a day, ideal for pre-heating at very low rates.

  
  

Result: Many customers save an additional £200 - £400 a year on top of already lower bills - while enjoying a home that’s warm and welcoming around the clock.

Beyond Heating: Solar and Battery Power

For households looking to go further, pairing a heat pump with solar panels and a battery storage system can slash bills even more. By using your own clean, renewable energy during the day and stored energy at night, you can make your home significantly cheaper to run and drastically cut carbon emissions.

Why Choose Your Energy Your Way?

We’re a women-led, values-driven company specialising in high-quality renewable energy installations across heat pumps, solar panels, and battery systems. Our ethos is simple: help households achieve sustainable, ethical energy solutions without compromising on quality or comfort.

The Takeaway

• Gas boiler: ~£837/year, comfort only part-time.

• Heat pump: ~£730/year, comfort 24/7.

• Heat pump + smart tariff: even lower - often £200–£400 cheaper than gas.

• Add solar + battery: your home runs on your own clean energy, bills fall even further, and your carbon footprint collapses.

  
  

The myth that “heat pumps cost more to run” is out of date. In 2025, with smart tariffs and smart control, they don’t just match gas boilers - they beat them.

👉 If you are considering a heat pump, book your free Discovery call as a first step.

No pressure. Just honest advice - and a system designed for your future, not your past.

Prefer to complete an online questionnaire? You can do so here.