Cashback pledge to encourage uptake of heat pumps

Consumers who invest in a Bosch heat pump or hybrid system from 1 April 2024 will be able to access cashback from Worcester Bosch if the Clean Heat Market Mechanism (CHMM) is introduced into law, with an additional £500 cashback being made available to installers.

Worcester Bosch’s Clean Heat Cashback Pledge is being introduced to support consumers and installers alike with the transition to Bosch electrified heat pumps and hybrid systems.

The Pledge would mean homeowners and landlords who complete a CHMM qualifying installation and choose a Bosch heat pump on or after 1 April 2024 will be able to claim £2,500 cashback, while those opting for a Bosch hybrid system will be able to claim £1,000. The Pledge will be open to qualifying installations until 31 March 2025.

This cashback will be over and above the Government’s Boiler Upgrade Scheme Grants (worth up to £7,500) available on heat pumps. Installers will also benefit from the Pledge, receiving cashback of £500 on each qualifying heat pump or hybrid installation.

Carl Arntzen, CEO of Worcester Bosch, said: “The start of 2024 is not just a fresh start, it also means that the UK is one step closer to its net zero 2050 target. If we are to succeed, then lower carbon heating technology – including heat pumps – needs to be more accessible to consumers. By our company giving up to a total of £3,000 Clean Heat Cashback on qualifying installations to support consumers and installers, we hope that more households will view heat pumps as a viable alternative to their current heating systems, as well as future-proofing their homes for lower carbon heat.  We believe that this kind of incentive is exactly what the boiler levy arising from the Clean Heat Market Mechanism should be used for.”

The Government has not yet confirmed when or how CHMM will be implemented into law. Final details of Worcester Bosch’s Clean Heat Cashback Pledge will be confirmed subject to and pending the implementation of the CHMM by the Government. In the event the CHMM fines payable by manufacturers are reduced under the Government’s final implemented legislation, cashback amounts available under Worcester Bosch’s Clean Heat Cashback Pledge will be subject to a proportionate reduction. The Clean Heat Cashback Pledge will not be available in the event CHMM fines do not apply to Worcester Bosch, or if the Government does not implement CHMM into law.

The Clean Heat Cashback Pledge will be subject to eligibility requirements and full terms and conditions that will be published by Worcester Bosch, pending final details of CHMM being confirmed by the Government.

More information on the Pledge is at https://www.worcester-bosch.co.uk/clean-heat-cashback.