What is ECO4 Scheme?
What is ECO4 scheme?
What is eco4 scheme energy efficiency grant scheme is the fourth phase of the government’s Energy Company Obligation (ECO) scheme. It’s designed to help homeowners improve the energy-efficiency of their property and tackle fuel poverty, while also contributing to reducing the UK’s carbon emissions.
To qualify for ECO4 funding, you or someone in your household must receive one of the following benefits: Pension Credit, Universal Credit, Income based Jobseekers Allowance, Income related Employment and Support Allowance, Working Tax Credits, Disability Living allowance, Housing Benefit, Child Tax Credits, Disability Premium, or Working Families Allowance. You must also meet the age criteria, as well as a minimum household income requirement of £21,000 or below.
Green Funding Gold: How Eco4 Energy Saving Grants Can Transform Your Energy Efficiency Initiatives
Among the most significant differences between ECO4 and ECO3 is that the government has reduced the amount of disability benefits that are eligible for the scheme, while expanding eligibility for those on other benefits such as housing benefits. The government has also reformed the scoring methodology for ECO4 and introduced new grant funding views, including the local authority flexible energy scheme which enables smaller suppliers to better reach fuel poor households through referrals from their customers and their wider networks.
Regardless of your eligibility, landlords who participate in ECO4 gain a number of important benefits from the energy-saving improvements that they undertake. For example, by improving the energy-efficiency of their properties, they reduce tenants’ energy costs and increase a property’s attractiveness to prospective tenants, resulting in more tenancies and higher investment returns over time. In addition, the work undertaken as part of ECO4 is completed by authorised installers who adhere to PAS2030 standards and Trustmark guidelines, ensuring quality workmanship that meets the required industry standards.