Prime Minister, Rishi Sunak made an announcement that the Boiler Upgrade Scheme (BUS), which offers grants to homeowners and landlords to replace old and inefficient heating with more energy-efficient models, will be increasing to £7,500 from April 2024. This is a significant increase from the current maximum of £5,000 and it is expected to benefit up to 90,000 households per year.
The boiler upgrade scheme is part of the government’s wider plan to reduce carbon emissions and tackle climate change, as heating accounts for about 15% of the UK’s greenhouse gas emissions. The scheme is open to anyone who owns or rents a property that has a gas, oil or LPG boiler that is at least seven years old and has a rating of D or below on the energy performance certificate (EPC). The grant covers the cost of the new heat pump and its installation, up to a maximum of £7,500 or two-thirds of the total cost, whichever is lower.