Money saving maestro Martin Lewis has unveiled a crucial financial lifeline for countless UK families grappling with soaring energy costs. In his latest expert advice, the founder of MoneySavingExpert.com highlights a government-backed initiative that could put substantial cash back into people's pockets.
What is the ECO4 Scheme?
The Energy Company Obligation (ECO4) scheme requires major energy suppliers to provide funding for energy-efficient home improvements to eligible households. This isn't a loan - it's free cash that doesn't need to be repaid.
Who Qualifies for This Help?
Eligibility primarily targets those receiving certain benefits, including:
- Income Support
- Jobseeker's Allowance
- Employment and Support Allowance
- Universal Credit
- Pension Credit
- Child Tax Credits
- Working Tax Credits
- Child Benefit (subject to income thresholds)
Even if you don't receive benefits, you might still qualify under the ECO4 Flex rules if your household income falls below certain thresholds or you have specific health conditions exacerbated by cold homes.
What Can You Get?
Successful applicants could receive:
- New boiler installations or repairs
- Cavity wall insulation
- Loft insulation
- Room-in-roof insulation
- Underfloor insulation
- Heating controls upgrades
The value of these improvements can reach up to £1,500 for insulation measures and potentially more for boiler replacements.
How to Apply
Martin Lewis emphasises that households cannot apply directly to the scheme. Instead, you need to contact an approved installer who will assess your eligibility and handle the application process on your behalf.
Always use trusted sources like the Simple Energy Advice website or Energy Saving Trust to find legitimate installers, and beware of cold callers promising free installations.
With energy prices remaining stubbornly high, this scheme represents a significant opportunity for eligible households to reduce their bills and improve their home's energy efficiency simultaneously.
