Replacement, Service and Repair Costs
It may be more practical or economical to repair your boiler. Repairs can cost at least £50 – not including parts. The costs are much higher for emergency call-outs.
If you decide that replacement is the best option, the upfront cost will obviously be much higher than repairs.
Prices for new boilers vary greatly, but can range from £600 to £3,000. The cost will depend on a number of factors, including the boiler type, installation costs and the size of the boiler.
When considering the cost of the new boiler, you will also need to factor in the cost of servicing the unit. Regular servicing will make sure that the boiler is working properly and help prevent problems in the future. Some companies require an annual boiler service as part of their warranty terms. Servicing typically costs £60-110, depending on the age and manufacturer of the unit.
Managing the Cost of a New Boiler
Boiler scrappage schemes are also available to help with the costs of purchasing a new boiler. These programs offer a £400 rebate when you replace a boiler with a “G” rating.
The rebate can aid in the cost of replacing an inefficient boiler, but what if you don’t qualify for the scheme? Heating companies usually offer payment plans to make the replacement costs more manageable. In many cases, you can choose the length of your payment term to better suit your lifestyle and budget.
How a New Boiler Saves You Money
Replacing an old boiler can help improve energy efficiency and save you money every month. Newly manufactured boilers must hold an efficiency rating of “A,” as per EU guidelines.
An “A” rating has an energy rating of 88% or higher compared to other boilers.