Posted on 28th January 2015 by Alex Heys
The Flow boiler is a ground-breaking, game-changing product. So to complement this exciting technology, weve created two innovative deals to encourage take up.
Both deals effectively allow you to avoid the cost of a new boiler by providing a guaranteed reduction in your home energy bill over five years. For both packages, the total reduction exceeds the cost of the Flow boiler.
This is obviously very different to buying a standard boiler, where there is no real financial benefit (apart from, possibly, slightly lower gas bills).
Flow can deliver significant financial benefits because of its ability to generate electricity.
So, heres how the packages work, simply and clearly.
The cost of a new boiler is one of the biggest one off expenses that a household faces. It can be avoided with the Flow Finance package.
Instead of paying upfront for a standard boiler, you can get a personal loan for the cost of a Flow boiler from our finance partner, Zopa. The cost of the Flow boiler is £3675, excluding installation. A loan from Zopa for £3675 at 8.9% APR over five years will cost you £75.50 per month. The total cost of the loan over five years is £4529.89.
As part of the deal, you will switch your home energy to Flow for five years. Every month for five years, Flow will then reduce your home energy bill by £80. As a really easy example, if you get a home energy bill in September for £100, well reduce it by £80 so you actually only pay £20 that month for your home energy.
So, just to be clear, you pay £75.50 a month for your loan for the Flow boiler. And we reduce your home energy bill by £80 a month. This discount is delivered to you every month irrespective of how much electricity your Flow boiler generates.
At the end of the five year agreement, the loan has cost you £4529.89. And you have received a total discount on your home energy of £4800. So, after five years, your boiler has effectively paid for itself and you have avoided the cost of a new boiler.
But thats not all. Your home energy bill will then continue to be reduced. However, it will no longer be by a fixed amount of £80. Instead it will be reduced based on exactly how much electricity your Flow boiler generates.
If you would like to buy a Flow boiler from savings, then you can, with the Flow Freedom package. You will then actually receive back significantly more than the cost of your Flow boiler in home energy savings.
So, instead of paying for a standard boiler, you can simply buy a Flow boiler at a cost of £3675, excluding installation.
Every month, Flow will reduce your home energy bill by £80. So a £100 energy bill in November becomes a £20 home energy bill. This discount is delivered to you every month for five years.
At the end of the five year agreement, you will have received a total discount on your home energy of £4800. Which means you will have received back over a £1000 more than you paid for your Flow boiler (which cost £3675)
You will then continue to earn from their Flow boiler as, after five years, your home energy bill will continue to be reduced based on exactly how much electricity your boiler generates.
We believe that these deals self-evidently offer incredible value for customers and will encourage adoption of our ground-breaking technology. They are the perfect way to introduce the Flow boiler to the market as they remove any financial risk for you. You dont have to worry about how much electricity your Flow boiler generates because the reductions in your home energy bills are delivered every month by Flow, irrespective of how much electricity your Flow boiler generates. So you can sit back, relax and enjoy the benefits that installing a Flow boiler brings.