Clean Heat Market Mechanism (CHMM) 2024: What Is the ‘Boiler Tax’ and How Can It Impact You?

March 2024 Update: The rollout of the CHMM has been postponed by the government to allow industry more time to prepare. The new launch date is set for 1st April 2025. We'll continue to provide updates on any other developments or modifications to come.

On January 1st 2024, the Clean Heat Market Mechanism (CHMM) levy came into effect. Aimed at reducing carbon emissions from homes by phasing out the use of fossil fuels for heating and hot water, it requires manufacturers to allocate 4% of their boiler volume for heat pump installations.

Unfortunately, the CHMM has led to a major rise in the cost of new gas boilers. This has led to the CHMM being dubbed the 'boiler tax'.

If you want to learn more about the CHMM, let the boiler experts at M J Burt fill you in. We've outlined everything you need to know about the CHMM below, including how it may affect you and steps you can take to minimise its impact.

How will the CHMM impact you?

If you don't have the space or budget to switch to a low-carbon alternative like an air source heat pump, you may be in for some bad news: experts believe the levy will raise the price per boiler by around £120, with costs expected to climb even higher in 2025 and beyond.

Budgets are already stretched thin due to the ongoing cost-of-living crisis, and this levy will only add to the financial strain for many homeowners. Fortunately, there are some steps you can take to reduce the impact these increased expenses have on your finances.

How can you minimise the CHMM's impact on your finances?

Because the tax will only apply to new installations, the best way you can save money for now is to take good care of your current boiler. Here's why:

• Regular servicing, preferably annually, keeps your boiler working efficiently. A well-maintained boiler lasts longer, potentially delaying the need for a replacement and saving you the cost of a new boiler (which might be subject to the tax in the future).
• During servicing, trained engineers can identify potential problems before they snowball into major failures. Fixing small issues early is significantly cheaper than dealing with extensive repairs or complete boiler replacements down the line.
• A well-maintained boiler operates at peak efficiency, using less fuel to provide the same heating output. Even a slight improvement in efficiency can lead to noticeable savings on your heating bills over time, putting more money back in your pocket.

Affordable boiler servicing in Poole and Bournemouth

At M J Burt, we take pride in offering some of the most competitively priced boiler servicings in Poole, Bournemouth, and the surrounding areas. Our expert team has years of experience working with a wide range of boilers, meaning we can service your boiler quickly, effectively, and with minimal disruption to your daily life. We'll keep it working at its best by repairing any issues we find, resulting in a smoothly functioning boiler you can rely on.

However, even the best-maintained boiler will need to be replaced eventually. In such cases, you can trust us to install your new boiler with care and at a fair price. We specialise in installing energy-efficient models optimised for your home and heating needs, minimising unnecessary costs while guaranteeing your family's comfort. Even better, all our repairs and installations are backed by an industry-leading warranty on parts and labour, providing you with extra peace of mind.

If you're seeking top-level servicing or installation in the South, look no further than M J Burt. Book online or call us on 01202 721955 today!