The Heating and Hotwater Industry Council’s quarterly statistical release shows for the first nine months like for like boiler sales are down by 14 per cent in 2012 compared to pre- financial crisis levels of 2008.
This evidence strengthens the case for government action to help stimulate the boiler market, such as a cut to VAT, or a new UK wide scheme that promotes new boilers replacing old, inefficient ones, coupled with improved insulation.
Due to the current economic climate, these sales statistics highlight that consumers are still not replacing their old, inefficient and unreliable boilers for more efficient, condensing models that could save them money and be good for the environment.
Energy efficiency is top of the political agenda with the new Green Deal scheme that was launched earlier this month. However, consumers are still not spending on measures to improve energy in areas such as energy efficiency and investment in more updated heating systems.
An HHIC spokesperson said: “The industry needs a major boost at the moment as consumers are being financially squeezed from all sides. Obviously the fallout is being felt by British manufacturing companies. We feel now is the perfect time to stimulate the market in new boiler sales which will be good for job growth, cut consumers energy bills and help save the environment. “