Overall cost reductions of 18% possible for GSHPs in a mass market scenario

The UK Government has released a report into the scope
for cost reduction for Geothermal Heat pumps in a mass
market. The report states that:

“In a UK “mass market” scenario for Ground Source
Heat Pumps (GSHP), we would expect an overall cost
reduction of ~18% compared to current costs. This
would be comprised of ~30% cost reduction in nonequipment
costs, and 5-10% in equipment costs. GSHP
cost in 2014 is split roughly equally between nonequipment
costs and equipment costs (excluding VAT).”

The full report can be found on the government website

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