Go Geothermal outlines the different types of government funding available for homeowners seeking to install energy-saving technology in their homes
With the 2050 net zero target for the UK fast approaching, many business and homeowners are curious about installing energy-saving measures in their properties.
Equally, people are wondering what kind of funding is available to make this process easier.
The Boiler Upgrade Scheme grants up to £7,500 towards a new heating system
The most relevant to Go Geothermal’s business is the Boiler Upgrade Scheme.
This provides people/organisations with a grant to cover part of the cost of replacing fossil fuel heating systems such as oil, gas or electric, with a heat pump.
Currently, £7,500 is available towards an air source heat pump or ground source heat pump (including water source heat pumps and those on shared ground loops).
Check your eligibility with an MCS certified installer
The grants for heat pumps went up in October 2023 and the vast majority of the population in England and Wales (Scotland and Norther Ireland have similar but separate grant schemes) are eligible.
All you need to do is contact a MCS certified installer to get quotes for the work, confirm you are eligible and the installer will apply on your behalf on the Ofgem website. The value of the grant will be taken off the amount you pay for installation.
There are a variety of funding schemes for energy-saving measures
There are also other ways in which people or organisations can make their homes and businesses more energy efficient. Other grants are also available for these purposes if you meet the criteria, such as:
- Energy Company Obligation (ECO) – you may get help with the cost of insulation work, for example to your loft or cavity walls, or replacing/repairing your boiler.
- Great British Insulation Scheme (GBIS) – offers upgrades such as roof, loft, or cavity wall insulation on less energy efficient homes.
- Home Upgrade Grant (HUG) – grants cover part or all the cost of the installation of loft insulation, underfloor insulation, wall insulation, solar voltaic or low carbon technologies (England only).
- Local Authority Delivery (LAD) Scheme – £500m of funding has been allocated to local authorities to raise the energy efficient of low income and low energy performance homes.
- Social Housing Decarbonisation Fund (SHDF) – enables housing associations to access funding to upgrade homes which are currently below Energy Performance Certificate (EPC) Band C.
