What would you do?

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Dec 27, 2022
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Sorry but I am 72, and not willing to invest that sort of money into a house that I might be selling within 5 years.
I was 69 when mine went in, I'm 72 now, if we move and the purchaser doesn't want to pay a premium for a solar equipped house I will take the system with me.
Looking at a heat pump this summer 🤔
 
Nov 16, 2015
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I was 69 when mine went in, I'm 72 now, if we move and the purchaser doesn't want to pay a premium for a solar equipped house I will take the system with me.
Looking at a heat pump this summer 🤔
Sorry for you, not willing to argue about Heat Pumps, a real Marmite job.
A bit like Coachman caravans and Baileys.
 
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Dec 27, 2022
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I have £10k invested in a bank, at no risk, giving a 3.7% tax paid return.
You are not receiving a return you are recouping your original outlay at 11% a year.
I am getting that return whatever you say.
Only 3.7% that's not good, all of our safe investments are between 4 and 5% depending on when we took them out. Our most recent ISA is 4.05% tax free and that unsurprisingly is the lowest.
 
Dec 27, 2022
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Well done on your bank investments......now they are giving real returns!

It was better last year one is still at 5.05% and matures in September. Each new one drops a bit.
They are all with a building society, I won't use banks as they are there to make a profit from customers, building society profit goes back to members.
 
Jul 18, 2017
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If we had the choice again, it would certainly not be a heat pump for heating. Gas is far more efficient!

We have heat pump tumble dryer and we class it as one of our worst buys. Our previous tumble dryer was far more efficient and quicker!
 
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Nov 11, 2009
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If we had the choice again, it would certainly not be a heat pump for heating. Gas is far more efficient!

We have heat pump tumble dryer and we class it as one of our worst buys. Our previous tumble dryer was far more efficient and quicker!
A heat pump is more efficient than a gas boiler. Your problem is the specification and actual performance rating of the installed heat pump. It’s a bit like having a Mini to tow your caravan.
 
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Nov 6, 2005
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A heat pump is more efficient than a gas boiler. Your problem is the specification and actual performance rating of the installed heat pump. It’s a bit like having a Mini to tow your caravan.
As I understand it, air-source heat pumps react slowly to changes in demand and become less efficient at low temperatures, just when they're needed most.
 
Jul 18, 2017
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A heat pump is more efficient than a gas boiler. Your problem is the specification and actual performance rating of the installed heat pump. It’s a bit like having a Mini to tow your caravan.
It is the correct size for our household. On really cold days it is running constantly and the kwh consumption for that day can exceed £10 for a 2 bedroom home even though temp is set to 20C maximum. For 2 hours each day it cannot supply any room heating as it is heating the water.

However it is definitely better than our previous storage heaters, but IMHO not as good as the gas boiler in our previous home. Unfortunately due to living in the sticks the noisy heat pump was our only option. Anyway the savings over the past 10 years and not having storage heaters have probably paid for the heat pump. It is serviced every year.
 
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