As of April 1st, homeowners across the UK will face a new financial consideration when it comes to replacing their central heating systems: the boiler tax. In this article, we’ll explain what the boiler tax entails, why it's being introduced, what is happening with boiler prices, and what you need to be aware of.
What is the boiler tax?
The boiler tax initiative, officially known as CHMM (Clean Heat Market Mechanism), is a new levy being introduced next month and is a part of the government's broader strategy to encourage energy efficiency and reduce gas boiler reliance by 2050.
Why is it being introduced?
This tax is part of the UK government’s commitment to achieving net-zero carbon emissions by 2050. By incentivising the replacement of outdated heating systems with newer, more efficient models, the government hopes to significantly reduce the country's carbon footprint and promote sustainable living.
Will homeowners by fined?
No, there are no fines for homeowners or any forced boiler inspections in the home. Homeowners are being encouraged to switch to heat pumps and incentivised through various grants being introduced.
What will happen with boiler prices?
The main manufacturers of gas boilers in the UK are expected to increase the price of their boilers to suppliers by £95-120 to cover any potential fines they may incur for not meeting the government’s targets.
What are the alternatives for homeowners going forwards?
Homeowners are being encouraged to switch from gas boilers to heat pumps. Homeowners can apply for a grant of £7,500 towards their heat pump installation.
Navigating new regulations like the boiler tax can be daunting, but HandyExperts is here to help. We can assist you in assessing your current boiler’s efficiency, discuss your options, and provide installation services if an upgrade is needed.
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