Only 15% of the available Boiler Upgrade Scheme vouchers have been redeemed, Ofgem reveals

an air source heat pump in a rural setting
Of the available 90,000 Boiler Upgrade Scheme vouchers only 13,766 have been redeemed, according to Ofgem's monthly statistics (Image credit: Vaillant)

Only 13,766 of the 90,000 Boiler Upgrade Scheme vouchers have been redeemed, according to Ofgem's monthly statistics.

The scheme, which seeks to encourage ground and air source heat pump installation through grants, has previously been criticised for its lack of promotion by the government.

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Ofgem figures published 9th August for BUS vouchers.
Voucher applications received21,438
Number of BUS vouchers issued16,156
Total value of BUS vouchers issued£81,283,000
Voucher redemption applications received14,081
Number of vouchers redeemed13,766
Total value of grants paid£69,210,000
Budget spent in Year 1 (23 May 2022 - 31 March 2023)£50,999,000
Remaining budget for Year 2 (1 April 2023 - 31 March 2024)£119,901,000
Remaining budget for Year 3 (1 April 2024 - 31 March 2025)£150,000,000
Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.