Boiler Scrappage Scheme Launched
A new plan has been launched by the governmet to help 125,000 households reduce their energy bills.
The chancellor announced the boiler scrappage scheme in the pre-budget report. The plan will reduce energy bills as well as reduce carbon emissions and secure a number of jobs.
With this scheme, households which currently have a boiler with an energy efficient rating of G will be able to apply through the Energy Saving Trust for a voucher. This would entitle them to £400 off a new A rated boiler. Households will also receive a discount off a biomass boiler or heat pump.
The government’s energy and climate change secretary, Ed Miliband, said:
“The boiler scrappage scheme will save around £200 off heating bills per year for families that are replacing their old boilers, and in total will save the same amount of carbon equivalent to taking around 45,000 cars off the road.”
It is estimated that most households could save somewhere between £200 and £235 a year.
Installing a new boiler is only one way to save money on energy bills. Think Money recommends comparing and switching energy suppliers.