Changing the heating system: What consumers should pay attention to - advice from financial experts

Changing the heating system: What consumers should pay attention to - advice from financial experts

According to a report from www.ndr.de, the traffic light coalition's heating law was a commotion last year. Now the Hamburg consumer advice center is speaking out and is advising homeowners not to install new gas and oil heating systems. This is because the price of CO2 has risen significantly this year and a further increase is planned for the coming years. In addition, the VAT on natural gas is set to rise again to 19 percent, after having previously been reduced to seven percent. The consumer advice center warns of significant price risks and advises against installing new oil and gas heating systems. However, it does not generally recommend alternative technology such as heat pumps. Instead, we recommend individual advice from specialist companies or the energy advice from the consumer advice center. It is also pointed out that savings can be made not only through a new heating system, but also through better settings of the existing systems.

There is a high probability that these statements from the Hamburg Consumer Center will have an impact on the market for heating systems. As consumers increasingly switch to alternative, more environmentally friendly heating technologies, such as heat pumps, solar thermal or fuel cell heating, the market share of gas and oil heating may decrease. This could result in manufacturers and installers of traditional heating systems seeing declining sales. At the same time, companies that specialize in alternative heating technologies could benefit from increased demand and expand their market shares. Consumers could also benefit from government incentive programs to switch to more environmentally friendly heating systems, which may lead to increased demand for these technologies. Overall, this could lead to accelerated change in the heating market and increased acceptance of environmentally friendly heating solutions.