Earlier quoted context omitted.
Are those 2019 numbers or 2021 numbers?
Numbers from 1 hour ago... From the UK, and assuming UK climate for COP figures. ~True with both retail capped prices, and wholesale market prices. There are still people in the UK installing heat pumps. Either they have a very rose tinted view of the future direction of electricity prices Vs gas, a rose tinted view of future government taxes/incentives, a rose tinted view of the environmental benefits (eg. By lookin…
1. Altruism
2. Already committed
3. They have a pessimistic view of future gas prices.
4. They have solar.
5. They're in a long tail/corner case/different use case from the one you computed.
I'd put my money on 5, depending on how big a % difference. Eg. I've noticed more and more people switching to solar as prices come down and hit an inflection point for them in their use case. Wouldn't be surprised if heat pumps are the same.