Applying for the ECO4 grant, also known as the Energy Company Obligation, can bring many benefits to homeowners, renters and landlords alike.
This government-funded program provides funding for energy-saving measures that can improve the energy efficiency of your home, reduce energy costs and make your home more comfortable to live in.
In 2021, measures were installed in 187,000 households, and of these 153,100 households received an ECO measure for the first time.
How much could I save with an ECO Grant?
According to the https://energysavingtrust.org.uk/what-is-the-uk-governments-eco-scheme/
“The UK Government said that you could save around £310 a year on your energy bills if you get measures under the scheme.
Costs and savings for insulation vary depending on where you live. In England, Scotland and Wales, loft insulation costs around £640 in a semi-detached house, and our figures show that it could save you £355 a year.Cavity wall insulation installation costs around £1,000 in a semi-detached house, and it can save you £395 a year.”
One of the biggest benefits of applying for the ECO4 grant is the potential savings on your energy bills
By upgrading insulation, heating systems, or other energy-efficient measures, your home will become more energy-efficient and use less energy to heat and cool.
This can lead to significant savings on your energy bills, because your boiler will be working less hard to keep your home warm as the warmth will be held in the property, saving you money.
Another benefit of the ECO4 grant is that it can help improve the comfort of your home. By upgrading insulation, you can reduce drafts and eliminate cold spots in your home.
This means your home will be warmer in the winter and cooler in the summer, making it more comfortable to live in.
Similarly, upgrading your heating system can also improve the comfort of your home, making it easier to heat and maintain a comfortable temperature.
The ECO4 grant can also be beneficial for landlords. Upgrading insulation and heating systems can make rental properties more energy-efficient and reduce energy costs for tenants.
This can help attract and retain tenants, as well as improve the overall EPC rating of the property.
Who is it for and how to apply and what to do next
At the time of writing this article, the available grants are for homeowners with an income of £31K or below, and / or in receipt of benefits, such as Tax credits etc, for the full list of qualifying benefits, visit here.
However, there are measures being put into place for the coming months to make these grants available to higher income households.
Please do complete the "Stay in the know" over on the side bar and we will email you when new grants come available.
To apply for your grant or book an energy efficiency home survey to find out where your home could be more energy efficient, contact us below.