Heat Pump Fund - subsidy for a new heat pump

The Heat Pump Fund will start accepting new applications from the 27th of May 2024, so it's a good idea to review and prepare your application and documents so you are ready when the fund opens. When the Building Fund for 2022 opened, it was depleted within just one day.

On order to receive a subsidy it's important that you are not already in the process of switching to a heat pump or have entered into a binding agreement.

What is the Heat Pump Fund? 

The Heat Pump Fund is a natural extension of the previous Building Fund, which was established as part of a broad political agreement and first opened in 2020. The subsidy scheme is currently planned until 2026, with new funds allocated at the beginning of each year.

In 2024 you can apply for a subsidy of up to 27,000 DKK for a new heat pump. The amount of the subsidy depends on the type of heat pump you are applying a subsidy for. There are two types of heat pumps eligible for subsidy: an air-to-water heat pump or a ground-source heat pump.

Why switch to a heat pump? 

Switching to a heat pump is a great way to increase energy efficiency and reduce heating costs in your home. Some benefits could include:

  • Save money on your heating bill.
  • Enhance the value of your home, which can be beneficial if you decide to sell someday.
  • Environmentally friendly choice.
  • Requires minimal maintenance after the switch to a heat pump.

How to qualify for a subsidy 

There are five requirements you need to meet to apply for a subsidy from the Heat Pump Fund.

Requirement 1: Your house must be a year-round residence (you must own it).
Requirement 2: Your house is heated with an oil boiler, gas boiler, electric heating, or biomass boiler (e.g., wood pellet boiler).
Requirement 3: Your house must not be located in an area with district heating or planned district heating.
Requirement 4: You must not already be in the process of switching to a heat pump or have entered into a binding agreement.
Requirement 5: You want an air-to-water heat pump or a liquid-to-water heat pump (also known as geothermal heat pump).

How do I apply? 

You can apply through SparEnergi.dk when the subsidy scheme reopens, but you should start preparing well in advance. There are some important requirements and documents you need to have in order – this will make it easier for you to complete the application when the application fund opens.

SparEnergi has provided a comprehensive walkthrough of the application portal to prepare you, so you know the steps to go through. You can also sign up for one of the five free webinars that provide insights into how to apply for subsidies in the Heat Pump Fund.
Read more at: sparenergi.dk/soeg-tilskud

SparEnergi is an independent public organization under the Ministry of Climate, Energy, and Building in Denmark, dedicated to promoting energy improvements.