10 December 2021

Heat as a Service propositions: One of the keys to unlocking the residential retrofit market for heat pumps

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Heat contract propositions such as heat as a service, which can reduce the upfront costs and risks for residential end-users of switching from fossil boilers to lower carbon heating like heat pumps, are emerging rapidly across Europe. They offer promise as a way of driving uptake of heat pumps in existing residential buildings – a notoriously difficult segment to decarbonize. Today, <1% of heating systems sold across Europe annually are sold “on a contract”, but this could reach 10% of the market by 2030.