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A new boiler would make homes warmer and reduce the energy bills. In the UK, more homes need a new boiler to ensure a proper heating of their homes. However, it costs them much more than they are willing to spend in their pocket.
Luckily, there are funds that can pay for at least a portion of installing a brand-new boiler. Read on in this blog for an understanding of types and scope of funding available for installing a new boiler. Before moving ahead, let’s know who actually funds to install boilers in the UK?
Who Funds New Boilers in the UK?
In the UK, new boiler funding comes mainly from Ofgem. They fund the heating upgrade through grants that aim to improve energy efficiency and reduce carbon emissions in homes. Funding often covers a large portion of the cost, helping households save money while also reducing environmental impact.
Energy suppliers also play a role, especially in schemes like ECO4, where they fund heating upgrades in eligible homes. By understanding these funding sources, you’ll be better prepared to find support for a new boiler.
Which Grants Offer Funding for a New Boiler?
There are two main grants to consider when seeking funding for a new boiler:
- ECO4 Scheme
- Boiler Upgrade Scheme (BUS)
Both schemes focus on energy savings and emissions reduction. Here’s what each offers.
Funding Available Under the ECO4 Boiler Scheme?
The ECO4 Scheme, or Energy Company Obligation, is an initiative introduced by the UK government. The companies are obligated to fund improvements in heating for some households. Under ECO4, an individual living in their own house or as a private tenant can obtain a new boiler at no cost whatsoever. Funding, however, depends upon your household’s income and heating needs.
The ECO4 program is ideal for low-income households. However, meeting eligibility requirements is crucial to receiving maximum funding.
Funding Available Under the Boiler Upgrade Scheme (BUS)
The Boiler Upgrade Scheme supports low-carbon heating. BUS is granting £5,000 to replace existing calorifiers, similar to standard boilers, with high efficiency energy sources, including air-source heat pumps. This is the only scheme that allows you to use it in conjunction with standard boilers if you install a renewable kit.
BUS is aimed at reducing carbon emissions in homes. Funding levels depend on the type of heating system you choose and the current heating setup in your home.
Who Qualifies for New Boiler Funding?
Eligibility varies based on the grant program:
- ECO4 Scheme: Open to households on low income or receiving specific benefits. You may need proof of eligibility, like income documents or benefit statements.
- BUS: Available for homeowners switching to low-carbon systems. Eligibility is broader but doesn’t cover traditional gas boilers.
Checking each scheme’s requirements is essential to see if you qualify.
Steps to Apply for Boiler Funding
Follow these steps to apply for new boiler funding:
Step 1: Check Eligibility Requirements
First, review the eligibility guidelines for each scheme. Make sure you meet income or benefit conditions.
Step 2: Collect Necessary Documents
Gather all required documents, like proof of income, utility bills, or benefit statements.
Step 3: Contact a Scheme Provider
Reach out to an approved provider for each scheme, such as energy suppliers for ECO4. They will confirm your eligibility and guide you.
Step 4: Schedule an Assessment
Providers may need to assess your home’s heating needs. An assessment will help determine the type and size of the boiler needed.
Step 5: Receive Approval and Install Your New Boiler
Once approved, the installation process can begin. Approved technicians will complete the work to ensure safety and quality.
Benefits of Getting New Boiler Funding
- Reduces heating costs significantly
- Improves your home’s energy efficiency
- Increases your property’s value
- Contributes to reducing carbon emissions
- Provides warmth and comfort during colder months
Tips to Increase Chances to Get Funding
- Apply early before funds run out.
- Submit all documents correctly to avoid delays.
- Seek professional advice to ensure you meet requirements.
- Check for eligibility updates regularly.
- Consider switching to renewable systems under the BUS scheme.
Common Misconceptions about New Boiler Grants
- Myth 1: Only homeowners qualify. Many grants also support renters, with landlord approval.
- Myth 2: New boiler grants cover all costs. Some grants may only provide partial funding.
- Myth 3: Any income level can qualify. Many grants focus on low-income households.
Understanding these points will help you apply with realistic expectations.
New Boiler Funding in England
In England, both ECO4 Scheme and BUS provide options for new boiler funding. Eligibility is based on household income or a shift to renewable heating systems. Low-income households may receive free or discounted boilers.
New Boiler Funding in Wales
In Wales, new boiler funding also includes ECO4 and BUS schemes. Welsh households can receive support based on income or by opting for eco-friendly heating solutions. Always check specific criteria for Welsh applications, as they may vary slightly.
New Boiler Funding in Scotland
Scotland provides ECO4 and BUS funding as well. Additional support is often available through local councils, aimed at increasing energy efficiency in Scottish homes. Review local guidelines, as funding amounts may vary by region.
Region | ECO4 Funding | Boiler Upgrade Scheme (BUS) |
England | Covering 100% Cost of New Boiler & Installation | Funding Covers up to £5,000 |
Wales | Covering 100% Cost of New Boiler & Installation | Funding Covers up to £5,000 |
Scotland | Covering 100% Cost of New Boiler & Installation | Funding Covers up to £5,000 |
Upgrade Your Heating System Today!
Conclusion
Getting a new boiler doesn’t have to be costly. With ECO4 and BUS funding options, many UK households can enjoy affordable and eco-friendly heating solutions. By following the steps and tips provided, you increase your chances of receiving financial support for a boiler upgrade. Apply today and make your home warmer and greener!
Frequently Asked Questions
Installing a new boiler saves your upfront cost that ranges from £3,000 to £6,000 based on boiler type and heating requirements. More so, it adds up to £300 annual savings on your energy bills.
In the UK, a new boiler costs between £800 to £4,000 based on boiler type and your property size and heating requirements. However, under the new boiler grant, its cost becomes zero!
If you are an eligible homeowner, private tenant or someone living with them at the same property can apply for grants to install a new boiler for free. You should be on certain government benefits and your property EPC is below D.
