They are a big spend...
A rough guide would be £1,000 for each kW of power required to heat your home. Costs vary depending on the size of your home, how well insulated it is and how long ago it was built. For a 3 bedroom house built since 1960 it would probably cost around £5,000 for an air source heat pump and £7,000 for a ground source heat pump plus around £2,500 for the installation. Then you need a special hot water tank and perhaps additional radiators, possibly another £3,000. If you chose a ground source heat pump it will cost extra to bury the pipes outside, say another £5,000 to £15,000. Although this is expensive compared to a traditional boiler a well designed heat pump installation can save up to 50% on your heating bills and the government will be paying you via the Renewable Heat Incentive for 7 years for domestic installs and 20 years for non domestic installations. The payment for the Domestic Renewable Heat Incentive is designed to compensate you for the additional cost of installing this carbon saving technology. The Non Domestic Renewable Heat Incentive is designed to provide a 10% return on your investment.