The government has announced a series of measures which it claims will cut household energy bills by an average of £50. Part of these savings will be made by reducing the cost of the energy company obligation (Eco), an insulation scheme delivered by major energy suppliers. So does this mean an end to the free insulation deals that are currently on offer?
The energy companies will still be required to help vulnerable households improve their efficiency by offering “easy” measures such as free loft and cavity wall insulation through the Eco. What is being reduced is their obligation to do difficult work like solid wall insulation, although they will still have to provide a minimum of 100,000 homes with this.
There will also be a new payment for homebuyers to fund energy-saving measures when they move into a property.
Details are scant, but if you are buying a property you will be able to claim money to help you make it more energy-efficient. This could be up to £1,000 for measures like insulation, or up to £4,000 for particularly expensive measures like solid wall insulation.
How it will work is to be consulted on – it could be linked to the green deal, or run as a separate scheme. A spokesman for the Department of Energy & Climate Change said it is unlikely to come into effect until the next financial year.
To see if you could qualify for free insulation, click the link below…