of switching to renewable
The rules and regulations
“However, after a consultation in December 2020, the government
announced new standards for England and Wales, to become law by 2025.
From this date, all rental properties will need an EPC
rating of C or above. As before, these new regulations will apply to new
tenancies first, followed by all tenancies from 2028.
What this means for landlords
You need to get your property
up to standard by 2025 for all new lets and you need to get your property up to
standard by 2028 for all existing let properties, so taking in to consideration
that your property needs to be surveyed and then works carried out there has
been no better time but now as the money is available in the way of a
government grant which does not need to be paid back, you are better off
applying now before the rush. This mean that more monies can be allocated to
you for works to your property.
Reduce your energy bills
As fossil fuels become increasingly scarce,
their demand and price will increase. By powering your home with energy
generated by the sun, ground, or air, you can save hundreds of pounds every
year on your energy bills. This goes and help towards fuel poverty and
makes your property more attractive to renters and helps toward the capital
growth of your property as the better your property performs the better value
you can achieve for your property.
Benefit the environment
Renewable energy puts an end to the production
of greenhouse gases, reducing your carbon footprint. Reducing our reliance on
fossil fuels helps us to improve the UK’s air quality and breathe cleaner air.
It’s an infinite resource
We’ll always have wind, sun, and water, so by
generating electricity from these clean sources of energy, we can support in
protecting the Earth’s resources and never have to worry about running
Generate an income
Through Government incentives such as the
domestic Renewable Heat Incentive (RHI), switching to a heating system that
uses an eligible renewable energy source can enable you to receive payments for
the amount of clean, green renewable energy your system produces.
Future proof your home
Protect yourself from rising energy costs by
generating your own energy with renewable energy technology. And with regular
maintenance, the life cycle of renewable energy products can exceed 25 years,
far longer than the average lifespan of a conventional boiler at 10-15
Increase property value
Installing renewable energy systems in your home can help increase
its value. You may also be able to recoup a significant amount of the cost of
installing renewable technologies on sale by improving your homes energy
performance and gaining energy independence
Please visit https://www.help2rent.co.uk/funding with you enquiry
The Energy Company Obligation (ECO) Consists
of one Distinction called the Home Heating Cost Reduction Obligation (HHCRO) or
‘Affordable Warmth’ scheme. ECO4 is a government backed energy efficiency
scheme in Great Britain to tackle fuel poverty and help reduce carbon
emissions. The ECO scheme means that medium and large gas and electricity suppliers
– including British Gas, EDF Energy, Eon, Ovo, Scottish Power, and SSE are
obliged to help households with energy efficiency measures such as Electric
Storage Heaters, loft insulation, cavity wall insulation, solid wall
insulation, and boiler replacement or repair. The scheme provides funding to
help eligible people reduce the cost of heating by installing energy-efficient
measures such as Storage Heaters, Loft, Floor, Cavity, IWI Internal Wall
How it works
Under ECO, medium and larger energy suppliers fund the
installation of energy efficiency measures in British households. Each
obligated supplier has an overall target based on its share of the domestic
energy market in Britain. The obligated energy suppliers work with installers
to introduce certain efficiency measures into your homes, such as loft, floor
or wall insulation, or heating measures.
The obligation explained
Heating Cost Reduction Obligation (HHCRO) requires energy suppliers to promote
the installation of measures that lead to financial savings on energy bills,
such as the installation of insulation and heating measures.
You are eligible for ECO if you own your own home and live in it,
or are in private rented accommodation. but the grant is only available if you
support a vulnerable family which is on some form of benefits
If you are in receipt of any of the following benefits listed here ECO4
Eligibility you will qualify for
NB: To qualify the benefit recipient can be anyone that lives in
the house as the end-user, for example, a disabled child, Grandparents or
parents, or spouse receiving a state benefit.
If you do not receive any of the above Benefits you may Qualify
under LA FLEX (Local Authority Flex) or LADS (Local Authority Delivery
Scheme). We can offer various finance packages include 0% interest options
with NO upfront costs.