Vaillant partnership for lower UK heat pump costs 

Vaillant and OVO have launched a new, first-of-its-kind partnership to reduce heat pump running costs to just 15p per kWh for homes across the UK.  

Vaillant and OVO team up to slash heat pump running costs, offering UK homeowners an affordable solution to reduce annual energy bills by £495 on average.

Vaillant has a new partnership with OVO where homeowners with an existing Vaillant aroTHERM or aroTHERM plus heat pump and an internet gateway, such as the myVAILLANT connect, will now be able to access OVO’s new deal, Heat Pump Plus.

This new type of use add-on will make heat pumps cheaper to run on average by £495 per year. With the UK government target set to install 600,000 heat pumps per year by 2028, the new add-on is designed to support existing heat pump homes with ongoing running costs and aims to encourage more households to transition from a gas boiler to a heat pump. 

Installer appetite to upskill

Vaillant’s research into the installers’ appetite for upskilling to install heat pumps found that over 70% of installers considered heat pumps to be too expensive for consumers. Combined with further research, more than half of the UK (52%) would want to replace their gas boiler if they could afford to do so, and three-quarters (75%) say they would make the switch with a roughly 50% reduction in running costs.

The partnership announcement tackles this cost barrier when it comes to running costs. And, when combined with the £7,500 Boiler Upgrade Scheme grant from the Government to help towards installation, thousands more households would benefit from a cleaner and more efficient heating system.  

Overall, the interest in low carbon technology is growing. 1 in 4 (26%) people in the UK want to install a heat pump more now than they did one year ago, with almost a third (32%) stating it’s because operating costs are going down, while almost half the country (45%) think Government support makes it more appealing.  

Making UK heat pumps across the UK

Henrik Juhl Hansen, managing director of UK & Ireland, Vaillant, said:  “Having invested in low carbon technology for more than 25 years, our commitment to decarbonising UK homes remains strong.

“Since the launch of our heat pump line in 2022, making Vaillant the first boiler company to manufacture heat pumps in the UK, we continue to develop our business, supporting the growing demand for this low carbon technology through our installer training and expanding our manufacturing sites in the Derbyshire area.

“Through our investments in sustainable heating technologies, we are able to collaborate with OVO. We are proud to be launching this new partnership, making heat pumps more affordable across the UK. This new proposition will change the landscape for businesses and consumers looking at decarbonising their home heating.” 

Mat Moakes, chief commercial officer of OVO, said: “The UK is trailing far behind Europe on its heat pump installations. Yet our data shows that when paired with innovative tariffs to reduce the cost, alongside the Boiler Upgrade Scheme, the uptake increases while rewarding early adopters.

“We need to see more progress to decarbonise heating, and our new partnership with Vaillant is an exciting step to make heat pumps more attractive for thousands more households.”