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Reducing heat pump installed costs: Reviewing historic trends and assessing future prospects

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  • Winskel, Mark
  • Heptonstall, Philip
  • Gross, Robert

Abstract

Residential heat pumps are a critical energy transition technology, but their installed costs are often much higher than incumbent technologies – imposing a policy imperative, in the UK and elsewhere, to reduce deployment costs. Here, we systematically review historic and forecast UK and international data on heat pump installed costs.

Suggested Citation

  • Winskel, Mark & Heptonstall, Philip & Gross, Robert, 2024. "Reducing heat pump installed costs: Reviewing historic trends and assessing future prospects," Applied Energy, Elsevier, vol. 375(C).
    • Handle: RePEc:eee:appene:v:375:y:2024:i:c:s0306261924013977
    DOI: 10.1016/j.apenergy.2024.124014
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    References listed on IDEAS

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    1. Harris, Grant & Heptonstall, Phil & Gross, Robert & Handley, David, 2013. "Cost estimates for nuclear power in the UK," Energy Policy, Elsevier, vol. 62(C), pages 431-442.
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    6. Carmichael, R. & Gross, R. & Hanna, R. & Rhodes, A. & Green, T., 2021. "The Demand Response Technology Cluster: Accelerating UK residential consumer engagement with time-of-use tariffs, electric vehicles and smart meters via digital comparison tools," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    7. Ajay Gambhir & Richard Green & Michael Grubb & Philip Heptonstall & Charlie Wilson & Robert Gross, 2021. "How Are Future Energy Technology Costs Estimated? Can We Do Better?," International Review of Environmental and Resource Economics, now publishers, vol. 15(4), pages 271-318, December.
    8. Winskel, Mark & Markusson, Nils & Jeffrey, Henry & Candelise, Chiara & Dutton, Geoff & Howarth, Paul & Jablonski, Sophie & Kalyvas, Christos & Ward, David, 2014. "Learning pathways for energy supply technologies: Bridging between innovation studies and learning rates," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 96-114.
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    Cited by:

    1. Marco Noro, 2024. "Heating Industrial Buildings with Heat Pump Air Systems: Is It Always the Most Advantageous Option?," Energies, MDPI, vol. 17(20), pages 1-23, October.
    2. Zheyuan Han & Kaiying Wang & Limin Dai & Kui Li & Xiaoshuai Wang, 2024. "Recent Application of Heat Pump Systems for Environmental Control in Livestock Facilities–A Review," Agriculture, MDPI, vol. 14(12), pages 1-22, December.

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