I’ve been doing a bit of research into the ‘Affordable Warmth’ scheme, and it’s really giving me a warm and cosy feeling inside to learn that the big six energy suppliers: EDF, nPower, SSE, British Gas, EON and Scottish Gas are now obliged to fund the installation of free boilers and insulation into the homes of the most vulnerable.
Because of the UK’s ECO Scheme these suppliers are funding these very substantial and money-saving improvements to millions of homes- at a very tempting cost of zero pounds, zero pence to you as the landlord.
Hmm, sounds too good to be true, I hear you muttering, shaking your head sagely. Well, as with anything in life, there are conditions attached:
- Your tenant must be in receipt of the correct combination of income-related benefits
- The current boiler in the property must be 8+ years old, or 5+ years old and carry some fault
- The property must be on a mains gas supply.
Definitely worth investigating, if you know that your boiler is getting on in years and you know that your tenant is in receipt of income-related benefits.
The new boilers provided by this scheme are A-rated, which would be an asset for both you and your tenant: the tenant gets lower bills and a warmer house, and you get a better rating on your EPC certificate, and a new boiler is always an attractive proposition for any prospective tenant. They also carry a warranty on both the installation and the system.
If you want to learn more about the ECO scheme, please visit the GOV.UK website. Free boilers are funded by the ‘Affordable Warmth’ part of the energy company obligation.