Cost Of Replacing Gas Boilers “Greatly Underestimated”
July 17, 2021
By Paul Homewood
GREEN alternatives to gas boilers will cost £11.8 billion more than the Government has budgeted for over the next four years as ministers have vastly underestimated the scale of home retrofits, The Daily Telegraph can disclose.
Homeowners and landlords also face paying £17.8 billion in the next four years to go green, claims analysis from leading energy groups and think tanks
The Government aims to replace oil and gas boilers at the rate of 600,000 a year by 2028, although campaigners say it will need to rise to 900,000.
But it has underestimated how many homeowners can pay thousands of pounds to retrofit and install heat pumps, says analysis from the Energy Efficiency Infrastructure Group (EEIG), which includes utility provider EON and the Confederation of British Industry. The technology, which is similar to a refrigerator in reverse and runs on electricity, heats radiators to a lower temperature and often requires insulation, bigger radiators and underfloor heating to keep older homes warm.
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