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IN 8 MEMBER STATES THE PAYBACK TIME FOR HEAT PUMP WITH EXISTING INCENTIVES AND TARIFFS IS ALREADY ACCEPTABLE Eight years can be considered an acceptable payback time for a technology that lasts up to 20 years. To pay back the cheapest and most suitable technology to decarbonise heating and cooling in the different member states with savings on bills two conditions must be met: the upfront cost must be brought in line with the average salary if need be, and the running costs must be lower than the fossil alternative’s ones. The subsidy schemes in place are very different from one another, and their help in making the upfront cost bearable varies a lot from country to country. Taxation on fuels is also quite different throughout the EU but on average gas enjoys much lower taxation than electricity, thus making life harder for those who want to switch to renewable, non-emitting heating with a decent payback time. Belgium and Germany are two clear examples of this tariffs setting. For these reasons, only in 8 member states a switch to renewable heating can be paid back in 8 years or less with the existing incentives and tariffs: in Italy, the overly generous incentive covers the full cost of installation of any heating technology, hence there is no payback time. In Portugal (1y), Cyprus (4y), Spain (4) and Malta (5y), the relatively low demand for heating and the use of solar thermal strike the deal. Finland (5y), France (8y) and Austria (8y) seem to have a good combination of subsidies and tariffs. Outside the EU, the UK also falls in the list (6y) while Norway has a ban on fossil fuels and the switch can only happen towards renewable heating. Existing conditons/years Reasonable payback time: ≤8 years With CO2 tax/years IT 00 IT PT 11 PT ES 43 ES FI 53 FI CY 54 CY MT 65 MT GB 65 GB AT 84 AT FR 85 FR SE 97 SE NL 97 NL DK 10 7 DK CZ 13 CZ EU 9 10 8 10 10 12 15 9 16 20 15 20 20 27 32 31 27 15 27 27 DE 16 DE IE 16 IE SI 18 SI GR21 GR PL21 PL HU23 HU SK 42 SK EE 45 EE BG 66 BG HR 68 HR LU N LU RON RO BEN BE LT N LT LV N 46 LV 4PDF Image | GREEN HEAT FOR ALL
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CO2 Organic Rankine Cycle Experimenter Platform The supercritical CO2 phase change system is both a heat pump and organic rankine cycle which can be used for those purposes and as a supercritical extractor for advanced subcritical and supercritical extraction technology. Uses include producing nanoparticles, precious metal CO2 extraction, lithium battery recycling, and other applications... More Info
Heat Pumps CO2 ORC Heat Pump System Platform More Info
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