E co3 is fast approaching and the government are opening this round of funding up to a wider variety of products as well as a more lenient qualifying criteria; and this funding pot is set to run for 4 years. The government has recognised that the current Boiler Replacement Scheme qualifying criteria is very specific and it meant that a lot of people who were struggling with fuel poverty but were just over the earning limits or weren't on the right credits ended up missing out.
The new funding pot will be putting a lot more emphasis on ensuring homes are fully insulated as opposed to focusing on replacing inefficient heating systems to reduce the UK's carbon footprint. This ties in with their aim to make the UK less reliant on fossil fuels.
A list of available measures include the following:
Perhaps the most exciting development for the new funding is that it is going to be open to a lot more people as the qualifying criteria is a lot more inclusive. All of the credits that qualify currently - Tax Credits, Pension Credits, ESA, JSA, Income Support - will still qualify in ECO3. However, at the moment there are household earning limits for Tax Credits. From September 2018 there will be no earning limits for Tax Credits. Continuing with this idea of helping fuel poor households with young children that maybe don't qualify for Child Tax Credits, the government has decided to allow those receiving Child Benefit to qualify for funding, with a sliding scale based on how many children are in the household - as a guideline they have said a couple with one child can qualify with a household income of £25,500.
If you are interested in the new funding and would like to check if you and your property is eligible, you can complete our free funding check by clicking here or calling our support team on 01642 909660.