Have you noticed a steep rise in energy bills over the past few months? Does your home seem to lose a great deal of heat, or has it become difficult to obtain adequately hot water? Whether your home has become draughty or the proper level of insulation is lacking, it can be difficult to know where to turn. Many homeowners are unaware that they could very well qualify for government-sponsored ECO funding and similar grant programmes. What are some of the options available to you, and how can these ECO grants save you a great deal of money when working with the experts at Lifetime Savings?

• The government-led ECO scheme consists of one major obligation: the Home Heating Cost Reduction Obligation (HHCRO).
• The HHCRO obliges the UK’s leading energy suppliers to encourage the installation of energy efficiency measures to reduce energy bills and limit carbon emissions per household.
• At Lifetime Savings, we can help homeowners get access to grants for insulation and heating installations under the ECO scheme.

The ECO scheme is available to homeowners who receive at least one or more of the qualifying benefits below. Our qualified surveyors would be delighted to provide a FREE on-site survey to help find out whether you meet the criteria.

If it doesn’t look like you will qualify for an insulation grant or boiler grant under the ECO scheme, you may qualify under the operated by your local council scheme.

Qualifying benefits for the ECO scheme

• Standard Child Benefit (£20 per week)
• Pension Guarantee Credit
• Income-related Employment and Support Allowance (ESA)
• Income-based Jobseeker’s Allowance (JSA)
• Income Support
• Tax Credits (Child Tax Credits and Working Tax Credits)
• Universal Credit
• Housing benefit
• Pension credit saving credit

ECO is administered by Ofgem, for more information visit the website below.

https://www.ofgem.gov.uk/environmental-and-social-schemes/energy-company-obligation-eco/energy-company-obligation-eco-support-improving-your-home

There are two intentions associated with the modern ECO scheme:

• To address fuel poverty by lowering the costs of energy consumption.
• To minimise carbon emissions in the years to come.

Of course, these very same goals will benefit the homeowners directly in the form of reduced heating and electricity bills. Two of the most common reasons why a home may be losing its heat can be as a result of having no cavity wall insulation and/or a very small amount of loft insulation. Not only will you be able to enjoy more comfortable temperatures throughout the year, but you could also qualify for this ECO funding scheme.