Charnwood Borough – ECO4 Scheme

ENERGY FUNDING SERVICE Charnwood Borough

In 2022 Energy Funding Service delivered over 1,000,000 in ECO funding to properties based in Charnwood Borough. The aim of Energy Funding Service is to help reduce carbon emissions by informing households of suitable Government Grants that they can be awarded.

Under the ECO4 Scheme and the Local Authority Flex (LA FLEX) scheme, Energy Funding Service assesses, qualifies, and installs energy efficient measures such as boilers, insulation, renewables like Solar PV Panels, Air Source Heat pumps, etc. for free or limited cost.

Our energy department has secured access to free funding under the ECO obligation for this year. We are specifically looking to help properties that are low energy rating or have high-cost heating. The aim of Energy Funding Service is to help deliver as much ECO funding as possible to those who need it the most. Helping to reduce carbon emissions and lower the cost of energy bills.

Funding is available for a wide range of properties based in the Charnwood Borough. The average property in 2022 received around £6000 – £10,000 free funding. Call a funding advisor at Energy Funding Service 01509357399 for more information.

01509 357 399

Apply for the ECO4 scheme

Energy Companies Obligation

What is the government's ECO scheme?

The Energy Company Obligation (also known as the ECO scheme), first introduced in 2013, is a UK government-led energy efficiency scheme that promotes the reduction of carbon emissions and tackles fuel poverty. The program mandates that medium to large gas and electricity providers in the UK offer financial assistance to qualified households in order to improve their energy efficiency. This scheme is one of UK government’s foremost initiatives towards the ‘Net-zero by 2050’ mission.

The ECO4 scheme

The Energy Company Obligation is now in its fourth iteration – ECO4, which commenced on 27 July 2022 and will run until 31 March 2026. It focuses on low-income, vulnerable and fuel poor consumer groups through the installation of insulation and heating measures. ECO aims are as following:

a) help alleviate fuel poverty and accelerate progress to meet fuel poverty targets
b) contribute to carbon reduction targets in the domestic sector
c) reduce the costs of meeting the UK’s renewable energy target through promoting more efficient energy use, and
d) encourage innovation in the industry

Benefits of ECO4 scheme

The ECO4 scheme covers various home improvements including:

Boiler Upgrades
Insulation – Cavity wall, Solid wall and Loft.
Renewables – Solar Panels, Solar Batteries and Air source heat pumps.
Biomass Boilers

*The potential savings under the ECO4 program vary based on the type and extent of improvements implemented. For example, insulation upgrades can lead to annual heating costs savings of up to £400, while a new boiler upgrade can help save around £300 annually.

Eventually, through this scheme, households can experience the long-term benefits towards the energy efficiency of their house and contribute towards the United Kingdom’s 2050 net-zero emissions target. Some of long-term benefits include:

Energy Efficient household improvements for free.
Increase in household comfort and warmth.
Decrease in heating and overall energy bills by hundreds of £ annually.
Free upgrades to renewable, futureproof products like Solar Panels, Air source heat pump, etc which also increase the overall value of the property.
Reducing the overall carbon footprint of the household.

Disclaimer: The figures provided above are estimated savings based on general assumptions and previous data. Actual savings achieved through the ECO4 program may vary depending on individual circumstances, energy consumption patterns, and the specific enhancements made to the household. It is essential to consider that these figures are for informational purposes only and should not be considered as guarantees of exact savings. Actual results may differ from the estimates mentioned here.)

Who is eligible for the ECO4 scheme?

The primary focus of the ECO4 program is on supporting low-income or vulnerable households.
The ECO scheme is available for homeowners or private tenants who are currently receiving at least one or more of the qualifying benefits and are living in a property with energy efficiency band D, E, F or G

Qualifying benefits for the ECO4 scheme

Child Tax Credits (CTC)
Income based Jobseekers Allowance (JSA)
Income related Employment and Support Allowance (ESA)
Income Support
Housing Benefit
Pension Credit Guarantee Credit
Pension Credit Savings Credit
Universal Credit (UC)
Working Tax Credit (WTC)

If it doesn’t look like you will qualify for the ECO4 scheme through the above-mentioned criteria, please contact us. Our expert team can help you find out if you can qualify through your local council scheme.