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Good news for homeowners in England and Wales! The government just added a whopping £1.5 billion to the Boiler Upgrade Scheme. This scheme helps folks afford new air source heat pumps and ground source heat pumps. These pumps are eco-friendly and help cut down on carbon emissions from homes. The government hopes more people will switch to these green technologies.
What’s the deal with the scheme? Well, it used to give out grants of £5,000 for air source heat pumps and £6,000 for ground source heat pumps. But now, with this extra money, they’ve bumped up the grants to a cool £7,500 each. If you’re into biomass boilers, you can still get a £5,000 grant.
This scheme is part of the government’s Heat and Buildings Strategy, which aims to make homes more eco-friendly. It’s kind of like the Green Homes Grant, where the government helps pay for renewable heating systems. But here’s the catch: the grants are given out on a first-come, first-served basis to people who meet certain criteria.
The scheme kicked off on April 1, 2022, though folks could start applying in November 2022. And as of May 23, the doors are open for grant applications and payments.
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How Does it Work?
The scheme operates on a first-come, first-served basis for eligible homeowners. If you meet the criteria, you can apply for a grant to cover part of the cost of installing a new air source heat pump or ground source heat pump. Previously, the grant amount varied depending on the system, but the recent increase has standardized it to £7,500 for both types.
Now, let’s talk numbers. With this scheme, you could get up to £7,500 for air source heat pumps and ground source heat pumps. And if you’re eyeing a biomass boiler, you’re looking at a £5,000 grant. But here’s the thing: if the cost of your new heating system goes over the grant amount, you’ll need to fork out the difference. But don’t sweat it! Even with energy prices going up, switching to a lower carbon heating system could end up saving you money in the long run. So it’s worth considering!
So, if you’re thinking about upgrading your boiler, now might be the perfect time to jump on board with the Boiler Upgrade Scheme. It’s good for the environment and could be good for your wallet too!
Overall, the additional funding for the Boiler Upgrade Scheme is a positive step towards a greener future for homes in England and Wales. If you’re considering upgrading your heating system, this scheme could be a valuable resource to help you make the switch.
