The Heat Pump Scheme
Salary Sacrifice
Salary sacrifice for heat pumps
The transition to Net Zero is moving at far too slow a pace, and the answer is simple that many clean technologies remain unaffordable for the British public. At times of economic uncertainty the high costs of assets like heat pumps is holding us back. The solution is simple… salary sacrifice.
Thus The Heat Pump Scheme was born.
Why salary sacrifice for heat pumps?
Salary sacrifice removes the high upfront costs as it spreads it on equal monthly payments and allows working families to pay for these from their gross salary - which would make them much more affordable.
We are not basing this on blind faith - the numbers on salary sacrifice for electric cars are in the public domain and they work. People with access to an EV salary sacrifice scheme (like The Electric Car Scheme) are almost 4 times more likely to switch to an electric car than somebody who doesn’t. Replicating these numbers across the home heating industry has the potential to turbocharge the progress.
When will The Heat Pump Scheme launch?
The Net Zero Benefits team are working closely with officials at HM Treasury to discuss the adoption of this proposal. We're calling on the government to leverage the upcoming Warm Homes Plan to extend salary sacrifice beyond electric vehicles to include clean technologies on the Energy Saving Materials list - such as heat pumps, home solar PV, other heating decarbonisation measures, and energy efficiency products.
This simple measure could spark a transformative increase in demand, with far-reaching impacts on net zero targets, job creation, and the growth of the renewables sector.
Net Zero Benefits campaign for expansion of heat pump salary sacrifice
The Electric Car Scheme empowers employees to drive electric and save thousands, making it a standout employee benefit. By adopting our scheme, you can champion your team's journey to Net Zero while offering a hassle-free, low-risk solution for your business at no additional cost compared to other benefits.
We support businesses comprehensively, from boosting employee engagement and uptake to minimising HR admin. Our dedicated support extends to addressing directors' concerns about scheme risks and operational challenges.
Press
The Heat Pump Scheme makes headlines
Warm up your employee benefits with The Heat Pump Scheme
Once launched this will be another industry-first salary sacrifice offering that enhances our overall product lineup at Net Zero Benefits. It will enable employees to bundle all their clean technology into one all-inclusive package including electric car, charging, heat pump, solar and more, all whilst leveraging the tax incentives using salary sacrifice.
At this stage, we are inviting prospective clients to join our waitlist.
