Prices for heating systems in Germany have risen dramatically: financial experts are warning of further price increases

Prices for heating systems in Germany have risen dramatically: financial experts are warning of further price increases

According to a report from www.zeit.de, the prices for heating in Germany have risen dramatically in the last two years. According to Stefan Materne from the consumer advice center's energy advisory service, prices for heating systems increased by an average of around 25 percent in 2021 and are expected to rise slightly more in 2022. This information is based on a market survey by the Federal Association of Consumer Advice Centers.

In order to get an overview of the prices, the association asked local and regional energy consultants about the quoted prices from tradesmen. The research found that average prices for air-to-water heat pumps rose from 20,000 euros in 2021 to 31,000 euros this year. The price for pellet heating systems increased from 27,000 to 37,000 euros in the same period. The price for installing a gas floor heating system also rose from 6,000 euros to 10,000 euros.

The price increase partly reflects the increase in raw material and energy costs. However, part of the increase in costs is also due to the enormous demand. According to Materne, the market is overheated, although there are regional differences.

These drastic price increases for heating can have an impact on both the market and consumers. On the one hand, rising prices could influence competition on the heating market. High prices could potentially lead to fewer consumers deciding to install or modernize a heating system. This could have an impact on the sales of the companies involved.

For consumers, the price increase means higher costs for purchasing and installing a heating system. The rising prices could pose a financial burden, particularly for households with a limited budget or for people who urgently need to replace their heating system. Switching to an energy-efficient heating system could become less attractive for many consumers due to the higher costs.

Overall, the drastic price increases for heating systems are a sign of growing demand and rising costs in the industry. However, the market should continue to be monitored to analyze and assess possible further impacts on the market and consumers.

Source: According to a report from www.zeit.de, As reported by www.zeit.de.