The cost of installing hydrogen-ready boilers, on the other hand, would likely go up to £3,000 per household.
According to Mike Foster, Chief Executive Officer, the choice between the two options is obvious: hydrogen-ready boilers are the way forward.
He told Express.co.uk: “The problem that the vast majority of homes face, is that if we go down the route of installing heat pumps, to get the effectiveness of heat pumps most homes will have to undergo significant upfront costs in terms of meeting energy efficiency requirements and new heat distribution systems.
“So, new radiators, possibly new pipework, and almost certainly a hot water cylinder where homes don’t have one at the moment.
“And those are significant upfront, one-off costs that add up to a sum of money that, frankly, most households can only dream of having at their disposal.”