Gas boilers to be banned in NEW Homes from 2027

Rob looks at the impending ban on gas boilers in new homes, set to take effect in 2027 as part of the government's Future Homes Standard aimed at reducing carbon emissions. He delves into the implications of this legislation for developers and homeowners, highlighting concerns about increased construction costs, potential planning issues, and the strain on the electricity grid.  KEY TAKEAWAYS Gas Boiler Ban: The UK government plans to ban gas boilers in new homes starting in 2027 as part of the Future Homes Standard aimed at reducing carbon emissions. The transition to electric heat pumps and non-gas alternatives is expected to increase construction costs, which will likely be passed on to homebuyers, potentially making housing less affordable. The shift to electric heating systems raises concerns about the capacity of the electricity grid, which may struggle to handle the increased demand, leading to potential reliability issues. Relying solely on electric heat pumps could create vulnerabilities, as a power outage would leave homes without heating or hot water, emphasizing the need for backup systems. The current energy policies are viewed as flawed, with high electricity prices and a lack of diverse energy options, leading to skepticism about the effectiveness and sustainability of the proposed changes. BEST MOMENTS "Gas boilers are likely to be banned in new homes from 2027 as part of legislation being brought forward by the government." "If you're trying to force everyone down this net zero route, what is going to happen is that the cost of putting in heat pumps... would increase." "You're putting all your eggs in one basket... if the grid goes down and you're running off a heat pump, then you're screwed." "Banning gas boilers, not a good thing in my opinion... they're making us poorer, I think, by design." "We should always have the option, if you want gas, have gas. If you don't want gas and you want a heat pump, go for it." VALUABLE RESOURCES GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS  Property FAQs = https://amzn.to/3MWfcL4   Buy To Let: How To Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL   uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast