Funding Options for Energy Improvements to your Home

14th March 2024
Harrison Price

Introduction

Making your home more energy-efficient is a great way to save money on your bills and reduce your environmental impact. But the upfront costs of energy improvements can be a barrier for some homeowners.

Fortunately, there are a number of government funding options available to help you cover the costs of energy improvements in your home. These schemes are available to homeowners in England, Wales and Scotland.

All of the funding options require the current energy rating of your property, you can find your EPC rating here, or alternatively, contact us to find out more information.

Do you need an up to date EPC?

Researching the Best Option for You

The first step is to research the different schemes available and find the one that best suits your needs. Some schemes target low-income homeowners or those living in fuel poverty. Others target specific energy improvements, such as insulation or boiler upgrades.

We have outlined some popular funding options below:

Solar panels on house

SHDF – Social Housing Decarbonisation Fund

This scheme is designed to help social housing providers improve the energy efficiency of their properties.

Additional Information:

The Social Housing Decarbonisation Fund is a £3.8 billion government scheme to fund energy efficiency improvements in social housing properties across England and Wales. The scheme is designed to help social housing providers meet the government’s target of net zero emissions by 2050.

The fund is available to social housing providers of all sizes, including housing associations, local authorities, and private landlords. The funding can be used for a variety of energy-saving measures, including insulation, heat pumps, solar panels, and draughtproofing.

To apply for funding, social housing providers must submit a bid to the Department for Business, Energy and Industrial Strategy (BEIS). Bids will be assessed on a number of factors, including the cost-effectiveness of the proposed measures, the number of homes that will be improved, and the potential carbon savings.

Solar panels on house

HUG – Home Upgrade Grant

This scheme provides grants to homeowners in England and Wales for a variety of energy-saving measures, including insulation, boilers, and renewable energy systems.

Additional Information:

The Home Upgrade Grant is a government scheme that provides grants to homeowners in England and Wales to help them improve the energy efficiency of their homes. The scheme is funded by the Department for Business, Energy and Industrial Strategy (BEIS).

The amount of grant funding available depends on the type of energy-saving measures being installed and the household’s income. However, grants can cover up to two-thirds of the cost of the improvements.

To apply for a Home Upgrade Grant, homeowners must contact their local council. Councils will be able to provide information on the eligibility criteria and how to apply.

Retrofit Assessments

All of these grants require a retrofit assessment to ascertain the measures that would be appropriate for your property, more information regarding retrofit assessments can be found here.

Solar panels on house

ECO4 – Energy Company Obligation

This scheme requires energy companies to help their customers improve the energy efficiency of their homes. ECO4 funding can be used for a variety of energy-saving measures, including insulation, boilers, and draughtproofing.

Additional Information:

The Energy Company Obligation (ECO) is a government scheme that requires energy companies to help their customers improve the energy efficiency of their homes. The scheme is funded by a levy on energy bills.

Energy companies are required to deliver a certain amount of energy savings each year. They can do this by installing energy-saving measures in their customers’ homes, or by paying other organisations to do so.

ECO funding can be used for a variety of energy-saving measures, including insulation, boilers, and draughtproofing. The amount of funding available will vary depending on the type of measure being installed and the household’s income.

Homeowners can find out if they are eligible for ECO4 funding by contacting their energy supplier.

Conclusion

By taking advantage of government funding options, you can make your home more energy-efficient and save money on your bills. With a little research, you can find the scheme that is right for you and start making your home more energy-friendly.

Additional Tips

  • In addition to government funding options, there are a number of other ways to save money on energy improvements in your home. For example, you may be eligible for discounts from your energy supplier or local council.
  • You can also make some simple changes to your home that can help you save energy, such as switching to LED light bulbs and draughtproofing your windows and doors.
  • I hope this blog post has given you a helpful overview of the government funding options available for energy improvements in your home.

Would you like more information?

Contact us to find out how we can help with your grant claim.

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