What could a new boiler do to your energy bills?

by Tim Deakin Domestic Energy News

What could a new boiler do to your energy bills?

If you’re paying more than you’d like for your energy costs, a new boiler may be the answer

It’s not farfetched to say that your boiler is up there among the most important fixtures in your home. From central heating to hot water at the tap, your boiler plays a major role in keeping you comfortable and clean all year round. So, conversely, when a boiler breaks down you’ll often find that the entire home comes to a standstill.

But when is the right time to replace your boiler and what should you be looking for when it comes to finding a newer model? Let’s take a closer look.

How much does a boiler cost?

This is understandably the main question that springs to mind when you consider replacing your boiler.

Of course, boilers are complicated and important pieces of machinery, and therefore aren’t cheap. A new boiler can cost anywhere between £500 and £2,500 on average. However, this hefty price is often compensated by the savings you make with your new energy efficient boiler installed.

The benefits of a new boiler

The main benefit of investing in a new boiler is the increased energy efficiency that comes with it, helping you save on both running costs and emissions. So despite a potentially large upfront cost, it may not be too long before your boiler effectively pays for itself. It’s easy to become fixated with the money you pay at the till but it really is worth doing the maths and seeing what that efficiency will save you from month to month over the next 10 or even 20 years.

This is shown clearly in data from Energy Saving Trust, which outlines how much you can expect to save by switching to a new gas boiler with thermostatic radiator controls and an A rating.

If your old boiler has a G-rating, you can expect to save £200 a year in a semi-detached house, or around £305 a year in a detached house by switching. By upgrading a D-rated boiler to an A-rated boiler, you could save £105 a year in a semi-detached house, or £165 a year in a detached house.

When should you consider a new boiler?

As it is a significant investment, buying a new boiler isn’t a decision to be made lightly. You should seriously consider buying a new boiler if:

  • Your boiler fails to provide the control of your heating that you need (i.e. if there is no thermostat)
  • Your boiler is damaged or aged to the point where you can’t cost-effectively repair it
  • Your boiler has a continuous pilot light, which can be a real waste of energy
  • Your boiler has a G-rating for energy efficiency
  • Your boiler is on the floor rather than on the wall, as this is the sign of an older boiler
  • You’re trying to sell your home and want to add significant value

What to do before getting a new boiler

If you still aren’t sure whether now is the right time to invest in a new boiler, there are plenty of steps you can complete before taking the plunge. Here are a few cheaper measures which can help you cut your energy costs:

  • Have your boiler serviced to make sure it is running properly
  • Insulate your loft or walls, or both
  • Draught-proof your home
  • Insulate your windows by switching to a thicker glazing
  • Invest in new heating controls, such as a new thermostat or timer
  • Switch your gas and electricity supplier, which can tell you whether you’re paying the best possible price for your energy.

Need help switching your energy supplier? Let The Energy Check help you find the best deal. Get in touch today by calling 0800 031 48 00 or click here to use our comparison service.

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