A new pilot scheme has been launched by Octopus Energy and Lloyds Banking Group which will enable Halifax mortgage customers to get a heat pump installed from as little as £2000.
Under the scheme, Octopus Energy will provide and install the heat pumps, while Halifax will award a £1000 Green Living Reward which can be used in conjunction with the £5000 government Boiler Upgrade Scheme (BUS) grant.
Earlier this year, the energy supplier, which is the third biggest in the UK, acquired heat pump manufacturer Renewable Energy Devices (RED) in a move to build cheaper and better heat pumps for the UK.
Rebecca Dibb-Simkin, chief product officer at Octopus Energy, comments on the partnership: “We’re always looking for ways to help people save money while accelerating the shift to a clean energy future. The pilot with Lloyds Banking Group comes at a crucial time for consumers facing a dual climate and cost of living crisis. It no longer needs to be a question of prioritising one over the other. Heat pumps are greener than gas boilers, and thanks to Octopus, the government and Lloyds Banking Group they can be cheaper too.”
The pilot is said to be the first step in the partnership between Octopus Energy and Lloyds Banking Group, with more projects in the pipeline aimed at reducing energy bills for customers and helping them to decarbonise their heating systems.
For more information, check out Octopus Energy’s website
