New boilers are not only expensive; they're also more efficient and environmentally friendly. Because of this, the Government is keen to encourage replacements and offer incentives to people who would otherwise struggle to pay for a replacement.
Warm Front offers grants to people who own their own home or rent from a private landlord. If you qualify for one of the Government-funded grants you can receive a package of heating and insulation improvements up to the value of £2,700 for a gas system or up to £4,000 for an oil heating system.
Warm Front grants are only available to people on relevant benefits, but for those who don't qualify, but are over 60, there's also a rebate scheme worth £300.
Customers can apply for Warm Front Grants or the Heating Rebate Scheme at www.warmfront.co.uk or by calling 0800 316 2805.
The Energy Saving Trust supplies a list of all other offers and grants available from independent home insulation companies, energy suppliers and local authorities. A simple post code search will produce a list of each subsidy available in your area - many of which offer extra discounts to people on qualifying benefits.
Do not be fooled, there are some amazing adverts for new boilers out there, or so they seem!
- £600 discount for your old boiler'
- Free controls with every boiler'
- 0% interest option available'*
*The cost of the finance is built into the cost of the boiler quote & not added at the end; legally it can be advertised as free finance. There is no such thing.
Nobody is giving anything away free sadly, its all gobbledygook marketing hyperbole.
For example, Flexible Finance from British Gas (www.britishgas.co.uk) allows you to spread the cost of your new boiler, but charges 29.9 per cent APR for the privilege.
If you do have savings that could cover the cost instead, you'd be much better off using that money. Even if your savings are in a high-interest account, you'll probably be making no more than around six or seven per cent on it and you'll end up paying far more to British Gas at 29.9 per cent than you would make off these savings.
Slightly better, but still not worth going for, is the similar offer from Npower (www.npower.com). Customers still pay a very high rate of interest at 29.8 per cent APR, but do get six months interest free.
Please note the information on grants is for information purposes only. We do not get involved in pretend offers or marketing nonsense such as offering you £600 discount for your old boiler! Please do not let anyone try and convince otherwise. If you want impartial advise on what is the best heating solution for you and your home, please do not hesitate to contact me.