If you’re considering upgrading your home’s energy efficiency, air source heat pumps and solar panels are fantastic choices. Not only do these technologies help reduce your reliance on ever increasing costly fossil fuels, but they also cut down on energy bills. The good news is that there are grants available to support homeowners in making these upgrades more affordable. One of the best options currently available is the UK’s “Energy Company Obligation (ECO)”. Let’s dive into why this grant stands out and how you can take advantage of it.
What is the Energy Company Obligation (ECO)?
The Energy Company Obligation 4 Scheme , launched in the UK in 2022, aims to help homeowners and tenants transition to low-carbon heating. It provides financial assistance to cover the cost for air source heat pumps and solar panels. With the goal of accelerating the phase-out of gas boilers, the scheme is a crucial part of the UK government’s efforts to achieve net-zero carbon emissions by 2050.
Why Choose Air Source Heat Pumps?
Air source heat pumps are one of the most efficient ways to heat a home. They work by absorbing heat from the outside air and transferring it to your home’s heating system. This can be used for both space heating and hot water, providing a reliable and sustainable alternative to traditional out of gas boilers. With energy efficiency ratings of over 300%, air source heat pumps can deliver more than three times the energy they consume, making them a highly economical choice in the long run.
How Much Can You Get?
Under the Energy Company Obligation Scheme, you can get up to £20,000 worth of home improvements. If you have a out of gas boiler, the grants can benefit your property significantly increasing value of your property and provide you with an air source heat pump, an ‘A’ rated hot water cylinder, brand new radiators and solar panels.
The scheme is available for homeowners, tenants rented by private landlords in the UK.
The Additional Benefit to ECO Scheme?
For those looking to go further in greening their homes, with the solar panel grant can benefit from reducing your energy bills and profit from the energy you create with SEG.
- The Smart Export Guarantee (SEG): While not a grant, the SEG allows homeowners who generate renewable electricity through solar panels to sell excess energy back to the grid, earning payments for every kWh exported.
How to Apply
Applying for the ECO is straightforward. The process involves completing our quick grant application to connect you with best suited Government licenced/approved installer for your home. Once the application is approved, a surveyor will visit your property and advise you about the best energy efficient home improvements available to you using this grant.
Why Now is the Perfect Time to Upgrade
With energy prices on the rise and climate concerns growing, there’s no better time to take an opportunity for grants to support energy-efficient home improvements. Grant schemes like the Energy Company Obligation have made it and easy and accessible way to adopt eco-friendly technologies while reducing your dependence on fossil fuels.