Will A New Boiler Save Me Money?

Every home needs a boiler that’s doing its job well. But, just like anything else, boilers start showing their age after a while. This can crank up your energy bills because your boiler has to work harder to give you the heat you need. So, it’s worth keeping an eye on, because nobody wants to pay more than they need to for their heating!

If you’re thinking about getting a new boiler to replace your old one, you might be wondering if it’s worth the money. Will a new boiler actually save you money in the long term? The short answer is yes. 

In this article, we talk about why a new boiler will save you money and answer the most frequently asked questions we receive on this topic.

Will A New Boiler Save Me Money?

In a nutshell – yes. Upgrading your boiler can save you money in the long term, for the most part. Wondering why? Well, we’ll explain the main reasons below.

Firstly, new boilers are simply just more efficient, so they use less energy and reduce your heating bills. Secondly, newer boiler models tend to come with advanced features that make them better at extracting heat from the fuel they use. What this means is less wasted energy and more savings for you.

With older boilers, you’re much more likely to experience boiler breaks, meaning you’ll have to get a professional in to take a look. New boilers, on the other hand, will require fewer repairs and maintenance, which saves you money on servicing. So, while it may feel like a hefty upfront cost to start with, upgrading your boiler can help you save money immediately, even if it’s just through your energy bill.

On top of that, getting a new boiler can actually improve the value of your home. So, if you ever decide to sell, having a new boiler installed could bump up the price of your house by around £8,000, on average.

How Much Money Will a New Boiler Save Me?

How much you’ll be able to save will depend on the size of your home and how well-insulated it is, your energy usage and the tariff you’re on.

But, for argument’s sake – on average, A rated boilers can actually save you a good chunk of money, approximately around 30% to 40%, to be exact.

Related Article: What is a Condensing Boiler?

So, Will a New Boiler Save Me Money on My Energy Bills?

Yes, getting a new boiler can actually lower your energy bills. You’ll just need to make sure you’re choosing a model with an excellent ERP rating (Energy Related Products Directive).

Modern boilers are made to be more efficient than older models, which simply means they use less energy to keep your home warm.

The improved efficiency of a new boiler can lead to big savings on your gas bill, especially over time. But, how much you’ll save depends on things like the specific efficiency rating of the new boiler, how much your household uses your heating, and how much energy costs in your area and with your specific provider.

It’s a good idea to have a chat with a heating expert who can check out your situation and give you a more precise idea of how much you could save with a new boiler.

Related Article: The Energy Crisis: Can a Boiler Replacement Help?

Ideally, at What Age Should a Boiler Be Replaced?

If we’re speaking ideally, if your boiler is around 15 years old, it’s probably time to replace it.

Even if you were to keep your boiler in impeccable condition and ensure it’s serviced annually, the older a boiler is, the harder it’ll work to do its job.

Is It Always Worth Investing in a New Boiler?

Most of the time, yes, it is worth investing in a newer, more efficient boiler.

If you’ve only just replaced your boiler a couple of years ago, chances are it won’t be worth it for you. That is, of course, you’ve invested in a boiler with a poor rating.

We all try to avoid spending money on a new boiler. But, as your current boiler just gets older, upgrading it really does become necessary. Plus, many old boiler models are what we would consider poor-rated boilers nowadays (e.g. G rated boilers).

So, to make sure you get the best value for your hard-earned money, take the time to compare the prices of different boiler models and consider other factors that can influence their cost. Opt for a reputable provider.

After all, it’s all about finding the right balance between affordability, quality and finding a provider that’s qualified and trustworthy.

Engineers installing the pipes of a new boiler.

Are There Any Government Schemes or Grants Available for Boiler Replacements?

Yes, there is help out there for people struggling to make up for the costs of a new boiler.

Up until April 2028, there will be an initiative called the Boiler Upgrade Scheme (BUS), which is available in England and Wales. The scheme aims to help people upgrade their boilers during this period.

You’ll need to check whether you’re eligible, which you’ll be able to do so via the government website.

How Can I Calculate Potential Savings From a New Boiler?

To calculate potential savings from a new boiler, you’ll need to:

  • Compare boiler model ratings. The higher the rating, the more energy efficient it is.
  • Estimate fuel savings based on the percentage improvement.
  • Take into consideration factors such as current energy price cap, energy prices and your typical energy usage.

Don’t worry – a professional can provide you with an accurate estimate of potential savings. To get help with calculating your potential savings, get in touch today, and a member of our team will happily go over the details with you.

Will Switching to a Combi Boiler Save Me Money?

Most likely, yes. By upgrading your inefficient boiler to a modern combi boiler, you can expect to save approximately 20-35% on your energy bills.

This will depend on your unique circumstances, but as an example, if you currently have an old boiler that’s on its way out (15+ years old), it’s likely operating at an energy efficiency of less than 70%. So, having a new combi boiler installed in this scenario will lead to significant energy savings in annual energy bills, as the running costs will be much lower.

What Are Combi Boilers?

A combi boiler (short for combination boiler) is a type of boiler that does two jobs in one. So, it heats up your home and provides hot water, all in a single unit. It’s like having a space-saving, multitasking superhero for your central heating system and hot water needs.

Compared to conventional boilers, combi boilers are just much more convenient. For example, a combi option (preferably a rated boiler) will mean there’s no need for an immersion heater (a.k.a. a massive hot water cylinder), and your heating system will operate much quicker.

Plus, they’re much more compact than a standard, conventional boiler model – so there’s a space-saving element to them, too.

Read more: Advantages and Disadvantages of a Combi-Boiler 

Is Replacing a Boiler a Big Job?

When it comes to replacing a boiler, it’s not a complicated task for a professional installer who knows what they’re doing.

The process usually involves isolating and draining the systems, disconnecting the electricity and thermostat, removing the old boiler entirely, and simply installing the new one in its place. Then, they’ll check to make sure everything’s safe and working as it should be.

Depending on the job, replacing a boiler can usually be done by a single engineer, and in less than a day.

Should I Replace My 30 Year Old Boiler?

If your aim is to save money – then you should absolutely replace your 30 year old boiler.

Nowadays, boilers that are over 25+ years old are generally considered inefficient when compared to newer options available.

Technology has advanced massively, so what would have been considered energy efficient three decades ago, wouldn’t even be in the same category of energy waste as modern boilers made today.

Start Saving Money – Invest in a New Boiler For Your Home Today

If you want to start saving by investing in a new and efficient boiler for your home, contact our friendly team of experts today. Alternatively, feel free to give us a ring on 0151 203 3771, or email us at info@homecareheating.co.uk.