Those who have an old and broken boiler or want an affordable heating bill over an old boiler can seek the boiler grant. Seeking a grant to purchase a new boiler is very reasonable, considering how expensive it is to get a new one.
Here are some tips to finding the appropriate boilers schemes to ease your budget of too many expenses.
What is a boiler grant?
A boiler grant is a part or full subsidy that covers the cost of purchasing a new boiler. Depending on the type of boiler grant, you may need to pay part of the cost or nothing for the new boiler. The grant is only accessible to families who are earning low salaries. The boiler grant will allow them to have access to heating and a hot water system without being relegated by poverty.
Understand that the boiler grant is free. It is not a loan scheme. What you are awarded is given to you for free. You do not have to pay any amount later. However, some of the grants do not cover all the costs; you may need to pay up a small shortfall yourself, depending on the size and energy efficiency of your property.
With the boiler grant, you may be saving up to £2500 on the purchase or replacement of an old boiler. The grant can get you a modern A-rated boiler.
Energy Companies Obligation (ECO) scheme
The Energy Companies Obligation or ECO scheme as it is more popularly called is a government initiative to support a few landlords and private tenants to replace their old heating systems with more environmentally friendly A-rated power boilers.
The present ECO3 scheme was launched in December 2018 and is expected to last till 31 March 2022. The free boiler grant continues, but the acceptance rate is significantly smaller than before and the entry requirements are fairly strict.
Affordable Warmth Obligation
The Affordable Warmth Obligation is a section of the ECO Scheme. The Warm Front has been replaced by the Affordable Warmth scheme and is one of the three objectives of ECO (Energy Companies Obligation).
The Affordable Warmth Obligation is the aspect of the ECO scheme concentrating on helping low-income families combat fuel poverty.
Savings under the Affordable Warmth obligation are usually figured in the long term rather than the short term. The scheme will help increase energy efficiency in your home free of charge and lead to lower bills along the way. Average family savings can cost lowered- heating charges that are a little over a hundred pounds each year.
Am I qualified for a boiler grant?
Government funding for boiler grants has become regulated, as the scheme has become incredibly popular. If you earn a pension credit, child tax credit, or households’ incomes below £16,010 a year, you are fully entitled to this support.
You must declare one or more of the following features to qualify:
- Child Tax Credit;
- Income Support;
- Universal Credit;
- Working Tax Credit;
- Pension Savings Credit;
- Income-based Jobseeker’s Allowance (JSA);
- Disability Living Allowance;
- Income-based Employment Support Allowance (ESA);
- Attendance Allowance;
- Child Benefit;
- Personal Independence Payment (PIP);
- Severe Disablement Allowance;
- Carer’s Allowance.
Additional criteria for eligibility:
- Household income less than £20,000 annually;
- Own your home;
- The boiler is 8 years old and above.
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