For most homeowners, hearing the words ‘the boiler is broken’ generates a fright on par with any modern horror film. Due to their longevity and importance, boiler installations are one of the most costly appliances to replace. While the investment gets spread out over a decade, or more, making that big upfront payment can be a challenge.
This is why you should always work with plumbing providers that understand your needs. Whether you’re a professional couple or a family with young children, you deserve a top quality heating system. The good news is that there are plenty of ways to manage the cost of a boiler installation. In the UK, one of the best is applying for an ECO subsidy.
Keep reading to learn more about Energy Company Obligation (ECO) grants and how they can help you pay for a new boiler.
Quality Heating for Every Household
The ECO grant was introduced after it became clear that many low income households find it tough to afford modern boiler installations. The government and the big energy providers decided to make £1.3 billion available for subsidised products. So, if you meet the eligibility criteria and are classed as ‘low income,’ you can get money off your next boiler.
Do be aware that the offer is limited. The Energy Company Obligation scheme is expected to end in September 2018, so now is the right time to apply. If you are deemed eligible, a sizeable proportion of your installation costs will be paid to the vendor, on your behalf. You do have to contribute some of the money, but the objective is to make this a more manageable fee.
Finding Out If You Qualify for an ECO
Just type the words ‘boiler grants UK’ into Google, and you’ll find the official website. It contains all the information you need to determine if you qualify. The parameters are fairly strict. For example, you must be spending more than 10% of your yearly income on fuel. You must also be lacking access to a reasonably new boiler model.
To be specific, the ECO grant is designed for low income households with poor quality or inefficient boiler installations. In the UK, poor quality refers to any product with an efficiency rating less than 86%. This usually means products with a C, D, E, or G grade. Boilers with an A or B grade are not eligible for the subsidy because they considered high quality.
Expanding Your Energy Savings
When you upgrade your boiler with the ECO scheme, you’re saving more than just installation costs. According to the government, low income households stand to gain up to £320 per year by using a greener, more efficient heating system. So, it really is worth your time if your salary puts you in the qualifying bracket.
There are, of course, plenty of stipulations and they can be confusing if you’re not sure what boiler installations entail. However, the best way to find out is to pick a great local installer and let them answer all of your questions. It’s also the easiest way to find out if your chosen provider accepts ECO subsidised payments.