Martin Lewis urges UK households to do simple check and save £1,470

2 hours ago 1

Money Saving Expert has reported UK households could beryllium eligible for a scope of benefits offered by vigor companies and section authorities.

12:20, Thu, Oct 17, 2024 | UPDATED: 12:25, Thu, Oct 17, 2024

Martin Lewis

Martin Lewis has urged Brits to cheque if they are eligible for 2 insulation schemes (Image: ITV)

Finance adept Martin Lewis has urged UK homeowners to cheque if they are eligible for astir £1,500 worthy of freebies nether schemes to amended the vigor show of home properties.

Advice published by Money Saving Expert, founded by Mr Lewis, pushed households to usage the government’s online eligibility checker to spot if they suffice for either of 2 ongoing insulation schemes.

The Energy Company Obligation (ECO) strategy and the Great British Insulation Scheme are backing location betterment measures specified arsenic insulation and boiler upgrades.

Households who instrumentality vantage of the strategy could prevention an estimated £1,470 connected energy costs annually, successful summation to receiving thousands of pounds worthy of location improvements for free.

Martin Lewis

Martin Lewis founded the Money Saving Expert website (Image: GETTY)

The ECO strategy is designed for those connected debased income, defined arsenic a full household income beneath £31,000, and surviving successful a spot with an vigor show certificate (EPC) standing of D oregon below.

The strategy requires larger vigor companies to assistance supply vigor ratio measures, which could see upgrades to existing heating systems oregon structural changes to trim vigor loss.

The Great British Insulation Scheme is disposable for a further 400,000 homes successful the UK with an EPC standing of D to G.

Through the government-backed initiative, households tin get backing to instal a scope of insulating materials, including cavity partition insulation, loft insulation and underfloor insulation.

Households who payment from the schemes and marque improvements to the vigor ratio of their spot tin prevention adjacent to £1,500 a year.

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Research conducted by the Centre for Sustainable Energy recovered loft insulation tin slash vigor bills by up to £600 per twelvemonth erstwhile compared to a wholly uninsulated loft.

The Energy Saving Trust reports cavity partition insulation tin trim costs by a further £690 for a detached house, and level insulation tin chopped betwixt £70 and £180.

Households who judge they whitethorn beryllium eligible for the ECO strategy are advised to interaction their section assembly oregon they tin take to interaction an vigor supplier straight for an assessment.

For the Great British Insulation Scheme, the authorities operates a simple online eligibility checker.

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