New ECO+ Scheme Will Save £310 in Yearly Energy Bills for UK Homes
The UK government announced a change to the ECO+ scheme, which is now extended to households previously not covered by any scheme. Out of the £1 billion additional funding available to the ECO+ scheme, 80% will help a wider range of households with an EPC rating of D or below.
The government says this new scheme will save £310 a year on energy bills by helping hundreds of thousands of households receive insulation.
The new ECO+ scheme will undoubtedly save British consumers money and help establish a more robust supply chain and the human capital needed to improve the energy efficiency of every home in the UK.
In general, well-educated people with access to capital already know and have retrofitted their homes with energy efficiency measures like insulation because they know it provides a good return on investment.
This new plan will help both educated the public but also provide funds to do basic retrofits for those that do not have capital. To really make the UK public energy secure they need to take the next several steps beyond energy efficiency. For example, they should consider running the same program for heat pumps to electrify heating and completely eliminate the need for natural gas. Repeat again for electric vehicles to electrify transportation and eliminate the need for oil. Then, last but not least, encourage widespread solar photovoltaic system deployment to provide the electricity.
In addition to helping low-energy-rated homes with better insulation, the government is investing £18 million to support and educate people on ways to make their homes more energy efficient and thereby reduce energy bills during these times of energy crisis. The energy-saving advice is meant to help households save hundreds of pounds on their yearly energy bills by making small changes and becoming more aware of home appliances that consume the most energy.
Is the UK Moving Towards a Renewable Future?
The rise of energy prices has shifted the mindset of many people looking for energy-efficient ways and renewable technologies like solar panels for homes as a source of electricity. The UK currently relies on gas for nearly 40% of electricity generation, and the government is slowly encouraging and investing in renewable energy. According to a study by Vattenfall, 61% of UK consumers believe renewable energy is the most effective solution for guaranteeing UK energy security.
Many households in the UK need good insulation before installing or retrofitting their homes with low-carbon heating measures like heat pumps, and this scheme will be a great step towards better-insulated homes. According to the government, this scheme is set to launch in spring 2023.
In addition, as the UK continues to embrace renewable energy technologies, integrating energy-efficient windows, such as triple glazing, has become relevant. Triple-glazed windows offer enhanced energy efficiency by incorporating three layers of glass and gas-filled spaces between them, significantly reducing heat loss and improving thermal insulation.
For more information about low-carbon technologies, please refer to our comprehensive guide on air-source heat pumps in the UK and the popularity of triple-glazing windows.
By improving the insulation of homes and buildings, triple glazing can contribute to the overall energy efficiency of the UK's housing stock, complementing renewable energy sources like solar panels and heat pumps.
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