Will a new boiler save me money?

With news that the energy price cap will rise by 80% next month, many households are looking for ways to reduce their energy usage. Those on variable tariffs will face annual bills of roughly £3,549 from October onwards, but there are various options that can be explored to decrease usage and alleviate the cost of living.

Investing in a more modern, energy efficient boiler is one option that should certainly be explored, but how much money could a new boiler save you?

Could a new boiler save me money?

In short, yes! A new boiler will give you access to better efficiency, meaning you can use gas wisely from season to season. Upgrading to a A-rated model offers 90% better efficiency. According to The Energy Saving Trust, an A-rated boiler will save you £340 per year. If your budget can’t stretch to an A-rated boiler, switching your current boiler to a more efficient model will still provide improved efficiency, and this will show in your heating bills.

With most modern-day boilers working hand-in-hand with thermostatic radiator valves (TRVs) and smart thermostats, you’ll also harness greater control of your central heating system. This will help you heat your home when you need to, which will unlock further savings.

How long will it take to realise these savings?

With new boiler prices ranging from £500 to £2,500, investing in a new boiler isn’t cheap. The savings that could be reaped in the short and long term however means your new boiler will pay for itself in no time at all.

Are there any other benefits to upgrading?

As well as making financial savings, your household will benefit from extra peace of mind. Upgrading to a newer model unlocks improved safety. It’s also better for the environment, with a new A-rated boiler lowering carbon monoxide emissions by 1,500kg annually.

New boilers are generally more compact too, meaning more space for you to enjoy at home. The quieter operation of newer models is another plus-point well worth mentioning, especially if you work from home.

When should I get a new boiler?

With autumn almost here, now is a great time to invest in a new boiler. In addition to paving the way to significant savings as the peak time for energy usage arrives, upgrading your boiler before the energy price cap rise is recommended.

Looking to upgrade your boiler? Use our helpful tool to find a plumber today.