So How Much Exactly Can You Save With the ECO4 Scheme?

May 15, 2024 | Grant Schemes and Funding

Facing rising energy costs, making your home energy efficient is now a smarter decision than ever. But what if you could improve your home’s energy efficiency at absolutely no cost to you?

Thanks to the ECO4 scheme, this possibility becomes a reality for eligible UK homeowners, who can access a variety of energy efficiency improvements for free.

Stick around as we will detail the typical costs of various energy efficiency upgrades without the ECO4 scheme and the potential savings you could enjoy if you qualify for the grant.

These figures are based on current market rates and average savings data, providing you with a clear, realistic picture of what you might save.

Understanding these costs and savings is crucial, as it can help you make informed decisions about your home and your personal situation.

We aim to equip you with the knowledge to maximise your benefits from the ECO4 scheme, enhancing your home’s comfort and efficiency while minimising costs.

Save With the ECO4 Scheme

The Real Costs and Savings of Home Energy Efficiency Upgrades without ECO4 grant

Boiler Installation

  • Cost without ECO4 Scheme: £2,000 – £4,000
  • Potential Annual Savings on Energy Bills: £150 – £300

Loft Insulation

  • Cost without ECO4 Scheme: £670
  • Potential Annual Savings on Energy Bills: £135 – £250

Cavity Wall Insulation

  • Cost without ECO4 Scheme: £1,800
  • Potential Annual Savings on Energy Bills: £85 – £280

Electric Storage Heaters

  • Cost without ECO4 Scheme: £1,200 – £1,600 (for 8 units in a tipical 2000 sq. ft. , 3 bdrm., 2 bath detatched home)
  • Potential Annual Savings on Energy Bills: Significantly varies, more so if replacing inefficient systems

Air Source Heat Pumps

  • Cost without ECO4 Scheme: £2,400 – £14,050
  • Potential Annual Savings on Energy Bills: £400 – £1,500

Solar Panels and Battery System

  • Cost without ECO4 Scheme: £14,000 – £20,000
  • Potential Annual Savings on Energy Bills: £300 – £500

Note: Numbers based on Checkatrade, Energy Saving Trust and USwitch.

While not every homeowner may receive all improvements, those who qualify can save thousands of pounds.

 

Total Potential Costs and Savings

  • Total Cost Without ECO4 Scheme: £22,070 – £42,120
  • Total Potential Annual Savings on Energy Bills: £1,070 – £2,830

Understanding the Long-Term Impact of ECO4 Upgrades on Household Budgets

The ECO4 scheme’s upgrades can have a profound impact on the long-term financial outlook for low-income families. By reducing energy bills, families can allocate funds to other essential needs, enhancing their financial security. Furthermore, the increase in property value post-upgrades is an additional financial cushion that benefits homeowners.

Additional Resources and Support for Applicants

For those needing assistance with their ECO4 applications, a variety of resources are available. Local community centres often hold free workshops on how to apply for the ECO4 scheme. Additionally, our website offers a detailed FAQ section about the ECO4 application process and eligibility requirements.

ECO4 energy company obligation government response

Save With the ECO4 Scheme – How to Apply for ECO4

The ECO4 scheme is a vital resource for low-income families looking to reduce their energy bills and improve their homes’ efficiency.

By engaging with this program, families can enjoy not only immediate financial relief but also long-term benefits, including enhanced home value and reduced environmental impact.

If you’re eligible, we strongly encourage applying for the ECO4 grant to secure these advantages for your household.

Article written by

Abigail Hall

Abbie is an ECO4 specialist helping homeowners to enhance their home’s energy efficiency using government funding. With her guidance, many have adopted sustainable living practices and reduced their energy bills.
Government backed scheme

Are You Eligible for the government initiated ECO4 Grant?

The energy efficiency of your home may be improved for free if you own a property and receive the correct income-related benefits or tax credits.

Find out if you qualify for the ECO4 scheme by starting your eligibility check below.

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STEP 1
Find out if you’re eligible to receive the grant below

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STEP 2
Our Energy Advisor will book a no obligation survey followed by installation appointment if you qualify

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STEP 3
Start saving £££ while keeping your house warm & cosy