Cost guide · Running a heat pump · SEAI fuel prices 1 Jul 2026
A heat pump makes a unit of heat for 9.8c; oil costs 18.0c
A unit of heat from a heat pump costs about 9.8c, against 18.0c from an oil boiler and 14.5c from gas (SEAI fuel cost comparison, 1 July 2026). That's 45% less than oil and 32% less than gas, if the pump runs at SEAI's assumed efficiency. A house that loses heat fast costs more to heat with any of them.

A heating thermostat. What any heating costs to run depends on the price of a unit of heat and how many units the house needs.
Overview of Netatmo Thermostat in Michle, Prague · Jiří Sedláček · CC BY-SA 4.0
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9.82c
A unit of heat from a heat pump
SEAI fuel cost comparison 1 Jul 2026 · electricity 34.38c ÷ 3.5
Published figure18.00c
From an oil boiler. Gas: 14.45c
Kerosene 12.60c at 70% · gas 13.00c at 90%
Published figure31 of 31
SEAI editions since 2019 where a heat pump's heat cost less than oil and gas
SEAI fuel cost archive · Jan 2019–Jul 2026 · at 3.5
Published figure+27%
More heat needed in Monaghan than in Kerry
Degree days 1991–2020 where people live · 2,363 vs 1,859
Our modelUpdated · fuel prices 1 Jul 2026 · How we know · Corrections
Where this sits · the heat chain
The heating only puts back what the house loses. A heat pump works best when the house loses less.
- Fabricwalls, roof, floor, windows
- Airdraughts and ventilation
- Heatheat pump or boiler, radiators, controls
- Usebills, comfort, the BER
- The idea behind itkW × hours = kWh
- You are hereWhat a heat pump costs to run
- Next questionWhat does a heat pump cost to put in?
What a unit of heat costs, by fuel
What one kilowatt-hour of heat delivered into the house costs, allowing for each system's efficiency. SEAI, 1 July 2026. Published figure
Heat from a heat pump costs 45% less than heat from oil
Against a gas boiler it costs 32% less. Electric heaters cost the most, at 34.4c.
Each bar is what one kilowatt-hour of heat delivered into the house costs, from SEAI's domestic fuel cost comparison of 1 July 2026. It allows for each system's efficiency as SEAI states it: 3.5 units of heat per unit of electricity for a heat pump, 90% for a gas boiler, 70% for an oil boiler. Standing charges are not included, and your own tariff may differ.
Sources: SEAI Domestic Fuel Cost Comparison, 1 Jul 2026
From the price you pay to the price of a unit of heat
| Fuel | Price of a unit delivered | Efficiency SEAI assumes | Cost of a unit of heat |
|---|---|---|---|
| Heat pump | 34.38c | SPF 3.5 | 9.82c |
| Gas | 13.00c | 90% (condensing boiler 85-97%) | 14.45c |
| Oil | 12.60c | 70% (oil boiler 60-75%) | 18.00c |
| LPG | 17.67c | 70% | 25.24c |
| Electric | 34.38c | 100% (direct electric) | 34.38c |
SEAI Domestic Fuel Cost Comparison, 1 Jul 2026 · cent per kWh · electricity band DD, gas band D2, kerosene at the schedule price for 1,000 litres
A unit of heat is a kilowatt-hour. About what a one-kilowatt heater gives off in an hour. A typical house needs thousands of them in a year, so a few cent a unit adds up.
A heat pump has been cheaper per unit in every SEAI edition since 2019
SEAI's own archive of fuel prices, 31 editions, Jan 2019 to Jul 2026. Published figure
Oil heat has cost between 1.3 and 3.4 times heat pump heat since 2019
Oil peaked at 27.0c a unit of heat in Apr 2026, when heating oil cost €1.93 a litre, the most in SEAI’s series back to 1990.
| Edition | Heat pump | Gas | Oil | Oil ÷ heat pump |
|---|---|---|---|---|
| Jul 2019 | 5.89c | 7.62c | 12.06c | 2.0× |
| Jul 2020 | 5.96c | 7.43c | 8.78c | 1.5× |
| Jul 2021 | 6.11c | 6.89c | 11.96c | 2.0× |
| Jul 2022 | 6.54c | 9.41c | 22.13c | 3.4× |
| Oct 2022 | 9.03c | 17.15c | 19.52c | 2.2× |
| Jul 2023 | 8.15c | 16.28c | 15.79c | 1.9× |
| Jul 2024 | 7.91c | 14.13c | 17.62c | 2.2× |
| Jul 2025 | 8.57c | 13.54c | 15.57c | 1.8× |
| Apr 2026 | 9.82c | 14.45c | 27.04c | 2.8× |
| Jul 2026 | 9.82c | 14.45c | 18.00c | 1.8× |
Each row is one edition of SEAI's fuel cost archive, priced the same way as figure 1: band DD electricity at 3.5 for the heat pump, band D2 gas at 90%, kerosene at 70%. The table shows each July and the two peaks; the comparison holds in all 31 editions from Jan 2019. Prices are as SEAI recorded them, not adjusted for inflation.
EstimateThe efficiencies are SEAI's assumptions, held fixed across every edition.
Sources: SEAI Domestic Fuel Cost Archive (spreadsheet), fetched, 5 Oct 2026
The numbers
| Edition | Heat pump | Gas | Oil | Kerosene €/litre |
|---|---|---|---|---|
| Jan 2019 | 6.16c | 8.46c | 10.87c | €0.77 |
| Apr 2019 | 5.89c | 7.62c | 11.77c | €0.84 |
| Jul 2019 | 5.89c | 7.62c | 12.06c | €0.86 |
| Oct 2019 | 6.31c | 8.49c | 10.58c | €0.75 |
| Jan 2020 | 6.31c | 8.49c | 12.29c | €0.88 |
| Apr 2020 | 5.96c | 7.43c | 8.37c | €0.60 |
| Jul 2020 | 5.96c | 7.43c | 8.78c | €0.63 |
| Oct 2020 | 6.55c | 7.79c | 8.46c | €0.60 |
| Jan 2021 | 6.55c | 7.79c | 9.66c | €0.69 |
| Apr 2021 | 6.11c | 6.89c | 10.81c | €0.77 |
| Jul 2021 | 6.11c | 6.89c | 11.96c | €0.85 |
| Oct 2021 | 7.24c | 8.70c | 13.10c | €0.93 |
| Jan 2022 | 7.24c | 8.70c | 14.02c | €1.00 |
| Apr 2022 | 6.54c | 9.41c | 19.87c | €1.42 |
| Jul 2022 | 6.54c | 9.41c | 22.13c | €1.58 |
| Oct 2022 | 9.03c | 17.15c | 19.52c | €1.39 |
| Jan 2023 | 9.03c | 17.15c | 17.98c | €1.28 |
| Apr 2023 | 8.15c | 16.28c | 15.94c | €1.14 |
| Jul 2023 | 8.15c | 16.28c | 15.79c | €1.13 |
| Oct 2023 | 10.73c | 18.20c | 19.62c | €1.40 |
| Jan 2024 | 10.73c | 18.20c | 16.92c | €1.21 |
| Apr 2024 | 7.91c | 14.13c | 17.21c | €1.23 |
| Jul 2024 | 7.91c | 14.13c | 17.62c | €1.26 |
| Oct 2024 | 8.41c | 14.96c | 15.46c | €1.10 |
| Jan 2025 | 8.41c | 14.96c | 16.32c | €1.16 |
| Apr 2025 | 8.57c | 13.54c | 16.21c | €1.16 |
| Jul 2025 | 8.57c | 13.54c | 15.57c | €1.11 |
| Oct 2025 | 8.57c | 13.54c | 15.87c | €1.13 |
| Jan 2026 | 8.57c | 13.54c | 15.51c | €1.10 |
| Apr 2026 | 9.82c | 14.45c | 27.04c | €1.93 |
| Jul 2026 | 9.82c | 14.45c | 18.00c | €1.28 |
At a lower efficiency. A heat pump that makes 2.5 units of heat per unit of electricity, not 3.5, would still have been cheaper than oil in 30 of the 31 editions, but dearer than gas in 13. Efficiency depends on the design, the radiators and how warm the water runs, so ask the installer what their design expects.
Where you live changes how much heat you buy
Heating degree days a year, 1991–2020, where people live in each county. Our model
A house in Monaghan needs 27% more heat than the same house in Kerry
Ireland’s figure, weighted by where households are, is 2,099 degree days. Monaghan is 12.6% above it; Kerry, 11.5% below.
A degree day is one degree of cold below 15.5°C for one day. Twice the degree days means the same house needs about twice the heat. Each bar averages the 1 km squares under each county's towns and villages, so mountains don't count. It changes the heat a house needs, not its BER, which assumes the same weather everywhere.
EstimateCounty degree days are fixmyber's model of Met Éireann's 1 km grid of 1991–2020 temperatures (Hitchin's formula, fitted to ten long-record stations; within about 2% of them).
Sources: Met Éireann 1 km temperature grid, 1991–2020, modelled by fixmyber, 5 Oct 2026
What the price of a unit leaves out
The things that move your bill that a cent-per-unit comparison can't show. Our reading
- How much heat the house loses. A leaky house needs more units of heat from any system. Insulating first cuts the bill and the size of pump needed.
- Standing charges. Dropping gas saves its standing charge; a heat pump keeps only the electricity one.
- Your tariff. SEAI prices standard-rate electricity. A cheaper night or day-time rate changes the sum, for better or worse.
- How warm you keep it, and for how long. A heat pump runs best low and steady, which feels different from a boiler that blasts heat twice a day.
Questions people ask
- Is a heat pump expensive to run?
- Per unit of heat, no. It costs about 9.8c, against 18.0c from oil and 14.5c from gas at SEAI's prices of 1 July 2026. Your electricity bill goes up and the oil or gas bill stops.
- Do heat pumps use a lot of electricity?
- SEAI's comparison assumes one unit of electricity makes 3.5 units of heat. So the heat a house used to get from oil or gas now comes from far fewer units of electricity, but they all go on the electricity bill.
- Is a heat pump cheaper to run than gas?
- Per unit of heat, yes: 32% cheaper at SEAI's prices of 1 July 2026. At a poorer efficiency of 2.5, it would have cost more than gas in 13 of the 31 SEAI editions since 2019, the last in Jan 2022.
- Does where I live change the running cost?
- Yes. The same house needs about 27% more heat in Monaghan than in Kerry, because the winters are colder. That changes the bill for any heating system, not just a heat pump.
How we know
- Prices now: SEAI's domestic fuel cost comparison of 1 July 2026, as our pipeline transcribed it. The archive spreadsheet below gives the same figures for that edition.
- Prices over time: SEAI's fuel cost archive spreadsheet, fetched 5 October 2026: 31 editions since Jan 2019, each priced at SEAI's stated efficiencies.
- Weather: Our model of Met Éireann's 1 km temperature grid for 1991–2020, turned into degree days and averaged where people live. Labelled Our model.
- Not here: A yearly bill for a typical house. Our bill model is being re-run with the current grant and prices; it will appear here when it is.
Sources
SEAI Domestic Fuel Cost Comparison, 1 Jul 2026 · SEAI Domestic Fuel Cost Archive, 5 Oct 2026 · Met Éireann 30-year averages, 1991–2020
Found a mistake? Every fix is dated on Corrections. Method in full: How we know.
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Updated · fuel prices 1 Jul 2026 · How we know · Corrections