Caporegime
		
		- Joined
 - 21 Jun 2006
 
- Posts
 - 38,367
 
Okay background info.
My boiler is 20-25 years old. So on its last legs or who knows maybe it outlives us all?
I can get a 100% loan for the heat pump that is 0% interest free. So I do not need to pay out of savings.
I can then get 75% cash back on my purchase paid into my bank account.
This is a Scotland only initiative.
So if I pay just 25% and it's interest free. Is it worth doing? I will also be paid the RHI so I'm thinking this will actually make me money by doing it.
My home is pretty well insulated built 20-25 years ago. Has floor, loft and cavity wall insulation already.
Thoughts?
	
		
			
		
		
	
				
			My boiler is 20-25 years old. So on its last legs or who knows maybe it outlives us all?
I can get a 100% loan for the heat pump that is 0% interest free. So I do not need to pay out of savings.
I can then get 75% cash back on my purchase paid into my bank account.
This is a Scotland only initiative.
So if I pay just 25% and it's interest free. Is it worth doing? I will also be paid the RHI so I'm thinking this will actually make me money by doing it.
My home is pretty well insulated built 20-25 years ago. Has floor, loft and cavity wall insulation already.
Thoughts?
	
 