It seems that the London Boiler Cashback scheme has already taken off with around 100 applications a day! It’s fair to say Londoners have been quick to take advantage of £400 off their new boiler installation…
The London Boiler Cashback Scheme, launched on the 2nd February, has received nearly 3000 applications with over 1000 completed already, helping homeowners update their aging heating systems and save money.
The “Boris Boilers” London-wide scheme enables homeowners and accredited private residential landlords get £400 cashback when they replace an older less efficient boiler with a new one or eligible low-carbon alternative.
The Mayor of London, Boris Johnson says:
“This scorching scheme will help 6,500 London homes become more energy efficient and cut annual bills. As well as saving hard-earned cash, upgrading an old boiler gives the environment a huge boost by lowering carbon emissions and making our air sweeter.
“I encourage everyone harbouring ancient boiler artefacts to sign up to my Boiler Cashback Scheme now and benefit from a brand new, cost-effective heating system.”
The £2.6 million scheme is being administered by the Energy Saving Trust, which managed the national boiler scrappage scheme in 2010. However, one major difference from the hugely successful 2010 plan is that only the homeowner or private landlord can apply for the £400 voucher: this means that the 6,500 vouchers that have been made available by the Greater London Authority go directly to applicants, and can’t be snapped up by big companies. Nor is the cashback scheme available to social landlords.
Some of the big boiler manufacturers like Worcester Bosch and Viessmann are offering their own additional cashback schemes to successful applicants and supporting installers by providing them with marketing material to help explain the incentive quickly and easily to homeowners.
British Gas is also offering £400 off for homeowners who trade in their old boiler until 31 March 2016.
Our advice is to check with the manufacturers and make sure you let your customers in London know about the scheme.
Click here to learn more about the London Boiler Cashback Scheme