ECO4 Funding
August 18, 2023 By Eco4 gurus

ECO4 funding, what is this?

ECO4 Funding explained

ECO4 funding is paid for by the utility companies to reduce energy usage within our homes while reducing energy costs. ECO stands for Energy Company Obligation. Energy companies are obliged to fund these schemes.

What Does ECO4 Mean For Me?

For you, ECO4 Funding means that you could have thousands of pounds worth of energy efficient home improvements done to your home, 100% free to you, because the Utility company companies are obliged to fund these incentives.

Energy efficient measures you could get 100% funding for include:

  • High efficiency boilers and central heating
  • High heat retention “Smart” storage heaters
  • Air source heat pumps with central heating
  • Solar panels
  • Loft insulation
  • Cavity wall insulation
  • Solid wall insulation
  • Floor insulation

These measures can be 100% funded for people who are on certain benefits on low income, or vunerable to living in a cold home.

What is ECO and when did it start?

ECO was established in 2013. Since 2013, it has been helping to hit current UK emissions targets and reduce fuel poverty. The Energy Company Obligation scheme (backed by the UK Government) has helped thousands and thousands of homes reduce their carbon footprint and reduce carbon emissions by increasing the energy efficiency of our homes. By reducing the cost of heating our homes that has helped tackle fuel poverty all over the UK. So why not let them help you?

What is ECO4 and when did it start?

ECO4 energy efficient upgrades, also known a Energy Efficient Measures (EEM’s), started be delivered from the April 2022 and will run until 31 March 2026. From April 2022 to July 2023 a total of 154088 ECO Projects have been completed. A recorded figure of 42,300 measures have been installed already between January and March 2023 and the it is believed that when the figures are releases for April to June they will be substantially higher. So it makes sense to be part of this fantastic opportunity to help save money on energy bills, take advantage of ECO4 Funding and help others climb out of fuel poverty.

More statistics here at ECO Public reports

Complying to HHCRO

ECO4 is being used as a way of complying to The Home Heating Cost Reduction Obligation (HHCRO) which states that obligated suppliers must mainly promote measures that improve the ability of low income, fuel poor and vulnerable households to heat their homes. This means they have to promote actions that result in reducing heating costs, such as the replacement of inefficient heating systems such as old electric room heaters for high heat retention smart storage heaters or heat pumps, Brand new high efficiency gas boilers and radiators. Or Air Source Heat Pumps and Solar Panels.

It can only be a good thing that ECO aims to help homes that are struggling with their fuel bills by obligating energy companies to reduce carbon emissions and help the UK meet carbon reduction targets. Since 2013, over 3.1 million measures have been installed in over 2.3 million households.

What exactly is ECO4 funding?

In the forth phase of the ECO scheme, it pledged to ensure our energy supplies are smarter, cleaner, more secure and affordable.

ECO4 reduces our energy usage by Supporting the replacement of inefficient heating systems.

–       Encouraging a multi-measure approach.

–       Increasing the proportion of the scheme to be delivered under Local Authority Flexible (LA Flex) eligibility to 25%.

Off Grid rural properties have been targeted for fully funded solar panels and air source heat pumps.

Thousands of solid walled homes per year are on target to receive much needed funding to reduce energy costs by improving the efficiency of these homes.

What is LA Flex?

LA Flex Funding

LA Flex is the Local Authority Flexible Energy scheme?
LA Flex is the extension of the ECO scheme that provides qualifying criteria laid out by your local authority.

This means that local councils can extend the criteria beyond household income and benefits received.

By opening the grant up to a wider demographic including homeowners that are pregnant, growing families or older occupants, his ensures that fewer people have to live in a cold home and avoid high energy bills.

Important qualifying benefits

The benefits that will qualify under ECO4 include:

–       Income-based jobseekers allowance (JSA)

–       Income-related Employment & Support Allowance (ESA)

–       Income Support (IS)

–       Pension Credit Guarantee Credit

–       Working Tax Credit (WTC)

–       Child Tax Credits (CTC)

–       Universal Credit (UC)

–       Housing Benefit (a new qualifying benefit under ECO4)

–       Pension Credit Savings Credit (a new qualifying benefit under ECO4)

But some benefits are not accepted by the scheme, so it’s important to take note if you fall under one of these categories:

–       Disability Living Allowance (DLA)

–       Personal Independence Payment (PIP)

–       Attendance Allowance

–       Carer’s Allowance

–       Severe Disablement Allowance

There are also changes to the Child Benefit income threshold to account for inflation. Under ECO4, a single claimant must have an income below £19,800 for a single child to qualify.

Through Local Authority Flexible Energy scheme, energy companies can use up to 50% of their obligation through the LA Flex scheme so energy companies can now deliver up to 50% of their obligation through LA Flex. This means there will now be double the number previously allowable under the last ECO3 scheme.

Energy Performance Report (EPR) shows the energy usage of a home and improvement suggestions that could improve the efficiency of the home. If you have an EPC for your property this will also show the energy efficiency band your home has.

ECO4 Funding EPC

Why having an EPR rating of “E” or lower is important to qualifying for funding?

Under ECO4 funding, the measures installed must generally raise the efficiency of a home by 2 bands.

Properties that have had measures installed must improve to a certain rating. Properties that have an existing rating of band F or G will need to improve their rating to at least a D rating. If your property is currently at an energy-efficiency rating of D or E, it will need to be improved to at least a C rating. This is to increase the number of grants and energy-efficiency savings achieved. ECO4 will also propose a minimum number of band E, F and G homes that will be upgraded, so they aren’t left behind.

ECO4 is beneficial to many people because more allowance for LA Flex has been introduced, meaning you could be eligible.

Don’t miss out on ECO4 funding

If you have an old or inefficient boiler, you should apply now to ensure you don’t miss out as thousands of people at applying for this great opportunity of 100% fully funded energy efficient upgrades to there homes.

Many homeowners who receive the benefits listed above will be covered by the ECO4 scheme. Applying to the ECO4 scheme now could help you get thousands of pounds worth of energy efficient works to your home. 100% FREE, reducing your carbon footprint and cutting soaring energy bills.

Reducing our energy consumption

ECO4 Funding grants are a great way to reduce your energy consumption, lower your energy bills and improve your carbon footprint. And as it’s funded by the government, there’s no need to pay out huge sums of money to implement energy-efficient features in your home. This is to help thousands of households in the UK avoid fuel poverty and ensure we can meet our carbon emission targets. As fuel and energy prices increase, it’s best to apply for an ECO grant today so you get what you deserve.

ECO 4 Gurus can assist you or someone you know get access to 100% free ECO4 Funding and LAFLEX funding today.

We have a network of installers throughout the UK that help Thousands of people each month

Don’t miss out on what you deserve. Click the button below to apply to see if you qualify for funding and reducing your energy bills today.