According to newly released data from Ofgem, the Boiler Upgrade Scheme vouchers that were issued were a huge success. The data discusses the amount of money spent on the scheme and its overall performance.
The scheme, abbreviated to BUS, allows homes and non-domestic premises across England and Wales to upgrade their old boilers to cleaner, greener heating methods.
In the scheme, applicants can receive grants of £7,500 to aid in replacing heating systems that release harmful emissions. They are replaced with renewable energy systems like heat pumps.
Ofgem’s Data Explained
Over £50,000,000 was spent in the first year of the scheme being rolled out which was then succeeded in the next year with an expense of over £88,700,000.
Ofgem’s data also suggests that 40,259 voucher applications were received, and over 28,000 were issued, equalling a total cost of £170,186,500.
Table Data Courtesy of Ofgem.
*Figure does not include any vouchers that have been issued but have expired or revoked.
**This figure does not include any vouchers that have been revoked, rejected, or withdrawn.
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