Wood burners have become a very popular way to heat our homes and as well as being attractive and efficient they can also be very good value for money. However, if you want to take advantage of the possible savings you could make from using a wood burner, you still need to come up with an initial investment of anywhere from £3,000 to £10,000 before you start to see the benefits.
For many this would make a wood burner an impossibility. However many manufacturers now offer wood burners on finance and in some cases it is even possible to get a zero percent deal.
Wood burners are sold in a normal retail environment and as such they are subject to the same deals which you will find anywhere. This means that at certain times of the year you may find sales and improved finance options. Manufacturers and installers will often be able to offer special deals related to finance to make purchasing a wood burner easier.
You should always take care to read finance contracts very carefully and compare the overall prices before going ahead. You should bear in mind that installers may make your deal sound like a bargain, but the cost of the cheap finance may be hidden behind the cost of the product. Even zero percent deals may be short-lived and the interest you pay in subsequent years could make up for the initial deal.
If you are looking at buying a biomass boiler wood burner, you will be able to take advantage of the Green Deal. The government is offering loans for renewable sources of home heating and this type of wood burner will qualify. The loans are offered at around 7% and compare reasonably with those available on the High Street. The best thing about the Green Deal is that you will be able to pay off the cost through your energy bills and it is expected that this cost will be less than the savings made. While the Green Deal Home Improvement Fund has currently been removed by the government due to over subscription- there are certain situations where it can still be used. Just see the government website for more.
Before making any decisions about finance for a wood burner you should ensure that you have received any of the available government grants. You may also be able to sign up for a feed-in-tariff known as the Renewable Heat Incentive. This may make it easier for you to pay back your loan, but only applies if your wood burner is set up with a boiler.
Wood burners are an excellent source of heating for your home and if you can find a great deal it is worth taking advantage of it. Take care to get several quotes and never jump in until you have read your contract carefully.