Grants & Schemes
The ECO 4 scheme (the government’s Energy Company Obligation) is the fourth, and likely final, entry to the scheme to help qualifying households receive funding
October 3, 2023 No Comments
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When it comes to insulation grants for landlords, it is the tenant (as the energy bill payer) of the property that is entitled to the grant funding. There are multiple different grants available, based on the type of insulation required and the tenant’s circumstances. Even if the tenant does not qualify for a full grant they may still be able to get a heavily discounted insulation installation.
There are two ways for landlords to apply for insulation grants on behalf of a tenant, depending on the number of properties they are renting out. Work will not be started at the property without the written permission of the landlord.
If you are a landlord and let out a single property, you need to ensure that your tenant is aware of the application and then complete the application form yourself. The tenants’ names and contact information are required, along with your details as the landlord.
If you are renting out more than one property, you could complete the form multiple times for each different application, or contact us so we can help you with applications on behalf of multiple tenants. Installers will never complete any work on a property without details of the tenant and the go-ahead from the landlord.
There are many reasons why landlords will want to take advantage of the opportunity to insulate the properties they own, especially if the tenants can qualify for an insulation grant to get it fitted for free. Installing insulation will boost the property and its value, as well as helping to attract new tenants. Existing tenants also save money on their energy bills and feel more comfortable in the home, lessening the chances of them looking to move elsewhere.
All properties that are sold or rented in England and Wales need an Energy Performance Certificate (EPC). A property that is well insulated will have a greater energy efficiency rating, which can be a positive if the landlord is looking to sell the property. Fitting insulation in your property can make a contribution towards lowering carbon emissions and protecting the environment.
It is worth noting that landlords need to produce an EPC when letting or re-letting a property. Certificates are valid for 10 years so be sure to keep yours up to date when needed.
Even though it is your tenant that would need to apply for funding for free insulation through the ECO, it is still helpful for landlords to be aware of the eligibility criteria. If your tenant is in a low-income household of below £31,000, or is claiming an income-related benefit, it is likely that they will be approved for an insulation grant with your permission as the landlord. The qualifying benefits for tenants under the ECO4 scheme are:
If tenants are not eligible for a full insulation grant, they still might qualify for partial funding, and they would have to make a contribution for the rest of the installation cost. However, as a landlord, you may feel that the improvement of the property and better resale value justifies paying the difference on behalf of your tenant.
There are many different types of insulation available to suit any home.
There has never been a better time to take advantage of insulation funding grants
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The ECO 4 scheme (the government’s Energy Company Obligation) is the fourth, and likely final, entry to the scheme to help qualifying households receive funding
Are you fed up with being overlooked when it comes to funding home energy efficiency measures through grants? The good news is that the ECO+
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