Its not as efficient as newer boiler so I would save energy by fitting a new one, moving from 70% efficiency to 90%. Up till now this has not been an economic proposition because the time taken to recover the supply and installation cost of the boiler (say £2,500 to £3,000) would take too long.
I estimate the saving at gas prices from a year ago would have been £125 per annum. But now its close to £500 per annum. So the new boiler would pay for itself in about 5 years. And after that who knows.
The only fly in the ointment is whether the cost of gas is going to remain around the new levels or going to drop back. What do community members think?
Note: the carbon reduction would be welcome but it would play no part in the financial decision.
Last edited by DebF_EONNext; 1 Week Ago at 08:08. Reason: remove featured thread
Current Eon Next and EDF customer, ex Zog and Symbio. Don't think dual fuel saves money and don't like smart meters. Chronologically Gifted. If I offend let me know by private message, but I’ll continue to express my opinions nonetheless.