Heat pump vs oil boiler: what it really costs
For a typical 3-bedroom semi (about 12,000 kWh/yr), an air source heat pump (SCOP 3.5) costs about £895/yr to run versus about £933/yr for heating oil. That is about £38 saved a year. Use the calculator to put in your own home and tariff.
Your region (sets local prices)
Property type
Bedrooms
Insulation
Current heating & its price
p/kWh
p/kWh
A heat-pump tariff can be ~13-15p.
Efficiency. 3.5 is typical.
£
A heat pump would cut your heating bill by
£38/yr
4% cheaper to run · ~6kW system
- Now: heating oil heating
- £933/yr
- Heat pump running cost
- £895/yr
- Install after grant
- £3,750
- Payback time
- 98.3 years
- CO₂ saved
- 2,584 kg/yr
Estimate only. Real figures depend on your home, install and tariff. Prices: Ofgem cap, Jul-Sep 2026.