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What is a fair price for your heat pump? It is quite easy to check your heat pump quote is sensible. Content of this video 00:00 Why do a price check? 00:20 Midsummer Heat Pump Kit Builder 01:50 Heat Pump cost comparison 02:00 Heat Pump Warehouse 02:17 City Plumbing Kit builder 03:07 Heat Pump Kit cost v Actual Quote 03:35 Radiator cost discussion 04:33 Installation Work Cost calculation 05:12 Tradesmen costs 05:50 Overhead costs guestimate discussion 06:10 Total Heat Pump Installation Cost 06:45 Heat Pump ball park realistic price 06:54 How to obtain a realistic Heat Pump price What should my heat pump cost? Introduction: What is a fair price for a heat pump. The Material: We are in the internet age so you can build your own cost model. Midsummer solar have a heat pump kit building facility Select your heat pump and a tank Check the kit and delete items you don’t need. Use the VAT free price and reduce it by 35% (my estimate) to get the trade price for the items. See Midsummer kit builder https://midsummerwholesale.co.uk/heat... Search on other material suppliers Heat Pump warehouse where prices are 30% lower than midsummer and they offer trade discounts https://www.theheatpumpwarehouse.co.uk/ City Plumbing https://www.cityplumbing.co.uk The Installation Cost: This is harder to estimate for a bigger install with 2 installers for a working week The Work involved: Removal of gas boiler, tank, expansion vessel etc Fitting of new heat pump, running flow and return from outside the house to tank room Fitting hot water tank, expansion vessels, tidying up of plumbing Fitting of 8 radiators – removal of old ones All electrical work including internet connections for Vaillant app Commissioning of the system Removals of all scrap material. Costing: Plumber daily rate £300 https://www.hamuch.com/rates/plumber Assume 10 days £3000 -2 installers for 5 days Electrician 1 days £300 Total £3300 Overheads for the installation company Office staff Heat loss surveys Quotations Building maintenance costs Assume Overhead rate is 100% £3300 Total Installation Cost £6600 Alternative Method – Work back from my HP quote Use today’s prices for HP from HP warehouse discounted by 35% as a trade price. £5128 material Total Bill approx. £11700 Installation cost £6500