However, the old saying “buy cheap, buy twice” also applies to boilers, and there are many reasons why a cheaper boiler may not be the best way forward. For a start, budget boilers have shorter life spans and often only offer warranties of up to 2 years. They also tend to be more expensive to maintain and do not offer the same energy and cost savings as mid or upper-range boilers. So, in the long run, you may be better off with investing a few more pounds into your new boiler.
We always recommend you get a bespoke quote since each home and family has different heating requirements that need be taken fully into account. We nonetheless wanted to give you a guide that will take out all of the guess work for you. Below we’ve put together a table with indicative price ranges that shows the cost of a new boiler installation depending on your current boiler type and the type of boiler you want to change to.
Switching to a more energy-efficient boiler could save you up to £350** per year (or £29 per month) on your energy bills. That means that if you decide to finance your new boiler over a period of 5 years, it could pay for itself because your monthly loan rates would be offset by the cost savings achieved by your new boiler.