What's the cost of a new boiler

New boiler: What's the cost of a new boiler?

Your boiler may be the single most important item in your home, particularly around winter, so when it comes to maintaining your boiler or boiler replacement, it's essential to make sure you get it right.

But when is the right time to replace your boiler, and what should you be looking for in a newer model?

Here we look at whether or not it's worth replacing your old boiler and how long it will take for the investment to pay for itself.

Boiler Prices

Your boiler is at the heart of your home and is a complicated piece of machinery.

Consequently new boilers aren't cheap and prices vary greatly based on the different brands, sizes and types available. Typically new boiler prices range from close to £500 all the way to £2,500, so it's important to get all the facts before you decide to buy a replacement boiler.

However, it is worth noting that boiler installation costs and boiler replacement costs are often compensated by the savings you make thanks to your new, more energy efficient boiler. After all, it is estimated that roughly half of what you spend on energy every year is down to your boiler. You can find more information on costs and savings below.

How long it will take to make back the cost of a new boiler in savings?

While piece of mind is vital when it comes to buying a boiler, the key question many of us face when assessing whether an upgrade is worthwhile is how long will it take to pay for itself.

If you decide to install a new boiler in the place of an old energy-inefficient one, you can expect to save some money on your gas bills. The boiler installation costs or boiler replacement costs are likely to be significantly outweighed by the savings you are in line to make.

We've pulled together the most important variables to give you an idea of how much you could save below.

If you opted for a new boiler with 90% efficiency costing £1800, here's how much you could expect to save on a typical gas bill and how long it would take to pay for itself:

Efficiency of your old boiler

Annual saving on your gas bill in %

Annual saving on your gas bill in £

How long it will take for your boiler to pay for itself

60%

33%

£237

7.6 years

65%

28%

£201

9 years

70%

22%

£158

11.4 years

75%

17%

£122

14.8 years

80%

11%

£79

22.8 years

The calculations above are based on a home with gas-powered central heating, using an average 17252 kWh gas p/a at a cost of £666 p/a.

It's also worth bearing in mind that a new boiler could also add to the value of your home, so take this into consideration when you're looking at boiler prices.

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When to get a new boiler

Now you know how much you could save how can you tell when the time is right to invest in a new boiler? Here are some simple tips to help you decide:

  • If your boiler is beyond the point where it's cost-efficient to repair it. If you've called out a qualified engineer to look at your boiler and they've told you that it's at the point of no return then it's time to invest in a boiler replacement.

  • Boiler replacement. New boiler cost.
  • If your boiler doesn't give you the control over your heating that you need - for example if the controls or timer aren't very flexible, or there isn't a thermostat - a new boiler might be a good option when it comes to helping to cut your heating bills. In some circumstance, you might be able to get away with just installing new controls.

  • If your system has a 'dry cycle'. A dry cycle is a feature found on older boilers which means that if the heating is on, but your home is already at the temperature set by the thermostat, it won't switch off, but instead will send the heat to an 'overflow radiator' (usually in the bathroom). This can be a real energy waster, because you're heating your home when you don't need to be.

  • If your boiler has a continuous pilot light. (This is the flame you can see burning through a small window on the front of some boilers.) This is a common feature on older boilers and it's a real waste of gas.

  • If your boiler is on the floor rather than on the wall, it is likely to be older and much less energy-efficient. In this situation it's a good idea to consider a replacement boiler.

  • If your boiler is G-rated for energy efficiency it's a good idea to replace it. You can find out the energy efficiency rating of your boiler at www.boilers.org.uk.

  • If you want to sell your house or you're renovating your home, a new boiler could add to its value.

Things to do before you buy a new boiler

Before you rush out to buy a new boiler there are plenty of other steps you can take to cut your heating cost without splashing out.

A new boiler is a big investment, so it can take a while to make your money back in savings. Here are a few cheaper measures that you could take to cut your heating bill:

So what are you waiting for?

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A new energy-efficient boiler could save you £305 a year.

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