Will a New Boiler Save Me Money? Commercial Boiler Tips
October 28th, 2022
Last updated: October 20th, 2022
Businesses are considering outgoings more closely than ever at the moment as many struggle with rising costs. This means a quandary for some business owners, who have heard that a modern commercial boiler may be a much better option and therefore save them money, but are also worried about this initial outlay.
Are you wondering “will a new boiler save me money?” We’ve got the answers in this guide.
The Boiler Upgrade Scheme
Before we delve properly into this guide, it is worth explaining the BUS (boiler upgrade scheme) currently on offer from the government. The boiler upgrade scheme is a way to claim against the cost of a new boiler if you are looking to replace your old gas boiler or electric panel heater with a more up-to-date option.
The scheme has been offered to help with energy efficiency, as many of the current boilers being used in both commercial premises and within the home are far from the modern standards of efficiency.
The eligibility criteria include:
- A maximum capacity of the installation, set at 45kWth.
- Biomass boilers are only suitable for properties in rural locations
- The scheme is in place only for the replacement of an oil or gas boiler or an electric heating system like a panel heater.
- Self-build properties including commercial properties are eligible to apply for the scheme.
- Even if you have received separate funding within your business, you may apply for help with the boiler scheme.
Understanding Boiler Efficiency
A boiler has a rating based on their energy efficiency. These ratings go from A to G and go to show how much of the energy used is actually processed properly by the boiler and not lost in the system. In some older boilers an incredible 40% or even more can be lost.
Modern boilers should be A-rated, and this means their efficiency has to be 90% or higher. While some of the ratings of older models of boiler have been added retrospectively so may not be accurate, it is possible that a new boiler will save you a significant chunk on your bills, not to mention being much more eco-friendly.
Energy ratings are based on the efficiency they offer:
- A – 90% and higher
- B – 86-90%
- C – 82-86%
- D – 78-82%
- E – 74-78%
- F – 70-74%
- G – below 70%
How Much Can You Save?
If your boiler is 20 years old, it is likely that you could save around 30% on your bills, but this depends on a number of different factors including installation. Ensure that you work with a skilled boiler installation company who are able to get the most out of your commercial boiler. The setup is nothing short of crucial.
The maths are impossible to work out without specific details, but you can make some rough estimates based on the age of your boiler. A new boiler may save you around 20% on bills compared to a 10-15-year-old boiler. This is a conservative estimate. The lower the score on the energy scale of your old boiler, the more likely it is that you will save more.
In a commercial property, 20% savings may equate to hundreds of pounds a month, and with prices skyrocketing this could represent a crucial saving on energy bills.
This is without mentioning the fact that an old boiler will undeniably cost you more in maintenance and repairs. Eventually, it will need to be replaced anyway, so if your boiler is getting older it could be worth taking the plunge now.
This is without mentioning the potential government funding that may even help you to pay for the boiler in the first place. All-in-all, it could be very sensible to invest in a new boiler now and reap the benefits for the next couple of decades.
Does a New Boiler Save Money?
Almost always, the answer is going to be “yes” in the long term, assuming your current boiler is older and has an efficiency rating of less than A. It is essential that you ensure that you get a boiler installed properly by a team that knows what it is doing, to keep that efficiency at the very top of its potential.
If you need commercial boiler replacement or installation services in Yorkshire, then please get in touch with our team today. We also offer a 24/7/365 emergency service if your boiler needs to be repaired.
We would be more than happy to discuss your specific needs and requirements, and provide you with a quote for boiler installation, including advice on whether we think it will save you money in the long run.