Heat pumps
Heat pump running costs vs gas, oil and electric heating
What you'd spend a year to heat a typical Dublin semi with each system.
Short answer
At typical 2026 prices, a heat pump costs less to run than oil, gas or direct electric heating for most homes. The gap is biggest against electric storage heaters and smallest against an efficient gas boiler. A night rate or smart tariff widens the savings further.
Costs and figures
| System | Efficiency | Price per kWh | Yearly cost |
|---|---|---|---|
| Oil boiler | 85% | €0.11 | €1,941 |
| Gas boiler | 90% | €0.13 | €2,167 |
| Electric storage heaters | 100% | €0.33 | €4,950 |
| Heat pump | SCOP 3.5 | €0.33 | €1,414 |
For a semi detached home needing 15,000 kWh of heat a year. Edit the assumptions in the cost estimator for your own home. Source: SEAI: Is your home ready for a heat pump?. Last updated October 2026.
How we worked it out
We take the heat a typical home needs in a year, divide by the efficiency of each system to get the fuel used, then multiply by the price per kWh. A heat pump with a SCOP of 3.5 needs 1 kWh of electricity for every 3.5 kWh of heat.
What changes the result
- Your tariff: a smart or night rate tariff can cut heat pump running costs by a fifth or more
- How well it was designed: an oversized or badly set up heat pump runs less efficiently
- Flow temperature: every degree lower saves a little more
- Fuel prices: oil and gas prices swing more than electricity
Not sure what you need?
See each system inside a home like yours, with what it does and what it costs.
Why some heat pumps cost a fortune to run
Homeowners who say their bills went up almost always describe the same few problems. None of them are faults of heat pumps as such; they are faults of the design or the house.
- Too big: an oversized unit switches on and off all day instead of running gently, which wastes energy
- Too small: an undersized unit can't keep up on cold days, so the electric immersion or backup heater does the work
- A leaky house: poor windows, doors or insulation let heat out as fast as the pump makes it
- Flow temperature set too high: running at 55°C to 60°C instead of 35°C to 45°C can cut efficiency by a third
- The wrong tariff: heating and hot water on day rate instead of a night or smart tariff
How to avoid it
- Insist on a room by room heat loss calculation before you accept a quote; the unit size should come from it
- Ask what flow temperature the system is designed for, and get it in writing
- Ask the installer to set up the controls with you and show you the running data after the first month
Is this right for you?
Related guides
Compare
Heat pump vs gas boiler
Upfront cost, running cost, carbon and comfort, side by side.
Compare
Heat pump vs oil boiler
For homes on oil, a heat pump is usually the clearest win.
Heat pumps
What a heat pump really costs to install in Dublin
Typical prices by home type, before and after SEAI grants, and the extras that push a quote up.
Next step
Get your price range in 2 minutes
Seven quick questions about your home. You'll see the price before and after grants straight away, no contact details needed.
Start the estimatorReady for quotes?
If your BER or technical assessment is done, we can put you in touch with vetted installers covering your area. It's free, and nothing is added to their price.
Find a vetted installer