Your boiler is one of the most vital appliances in your home. Whether it’s to provide hot water in the summer or for both hot water and heating in the winter, you can’t do without it for very long.
So when you need to replace your boiler, you want to make sure that you get the best and most efficient one. But what does a new boiler cost?
How much does a new boiler cost?
New boilers aren’t cheap. But the market is huge and there are a range of brands and types available to choose from. Depending on the brand, you could pay anywhere between £500 and £3,000. It’s a huge investment, so you want to make sure you get all the facts.
Don’t be instantly deterred by the high price tag. You can make the costs of replacing and installing your new boiler back in the savings you’ll make on your energy bills. A new boiler will be much more efficient, meaning you won’t have to whack up your thermostat.
How long will it take to make back the cost of my new boiler?
If your current boiler is old, it’s probably costing you money. So the new boiler cost is likely to be outweighed by the savings you will make on your energy bills.
According to the Energy Saving Trust, replacing your old boiler with a new A-rated condensing boiler with a programmer, room thermostat and thermostatic radiator valves (TRVs) could save you:
|Old boiler rating||Savings per year|
These savings are based on a semi-detached house.
A typical boiler with thermostatic radiator valves will cost, on average, £2,300 excluding radiators. But it’s best to get a range of quotes to get the best price.
Can’t afford the cost of a new boiler? Try these tips first
A new boiler is a big investment, so you might not want to splash out straight away if your boiler is still working.
The Energy Saving Trust recommends carrying out some cheaper energy saving measures:
- Get your boiler serviced. You should ask an engineer to service your boiler once a year to ensure that it’s running smoothly. They will spot problems before they become a disaster.
- Draught-proof. Savings: £25/year just from draught proofing your windows and doors.
- Insulate your walls. Savings: cavity walls – £150/year. Solid walls: £255/year.
- Insulate your loft. You could save up to £135 per year.
How do I know if I need a new boiler?
If your boiler hasn’t broken down yet but you know it’s getting old, it might be time to replace it. There are some simple ways to tell if it’s time to replace your new boiler:
- If you can’t control your heating. To help you save money, you need controls on your boiler. If you don’t have a flexible timer or a thermostat, you’ll be throwing money away on heating when you don’t need it.
- Your boiler is beyond economic repair. If you’ve had an engineer look at your boiler and they’ve told you that it will cost a lot to repair, it’s time to consider a new boiler.
- If your boiler is G-rated for efficiency. This means that your boiler is less than 70% efficient.
- If your system has a dry cycle. This is a feature on older boilers which means that if the heating is on but your home if at the desired temperature, it won’t switch off. Instead it will send the additional heat to an overflow radiator, which means you’ll be heating your home when you don’t need to.
- If your system has a continuous pilot light. This is the blue flame you can see on some boilers. This is a waste of energy and is common amongst older boilers.
- Your boiler is on the floor. Most boilers are on the wall these days, so it’s likely that your boiler is old and inefficient.
- If you want to sell your home. People don’t want the hassle of replacing a boiler as soon as they move in, so you could get a higher price for your home if you replace the boiler.
Ask yourself these questions for more advice on whether you should replace your boiler.
Remember to get a range of quotes
A new boiler cost depends on lots of different factors. This includes how simple the replacement will be or the type of boiler you choose. The best thing to do is get a range of quotes so you can get a full view of the market and get the best price.