The Money Saving Expert is advising people earning less than £31,000 to take advantage of money-saving benefits they may qualify for. The government has launched the Great British Insulation Scheme, which offers free insulation or a new boiler to eligible individuals. To qualify for the scheme under the ‘low income’ category, you must own your own home, have an energy performance certificate of D or below, and have someone in the household claiming a qualifying benefit such as Universal Credit, Pension Credit, Child Benefit, Income Support, or Housing Benefit. If you live in social housing or are considered by your local council to be on a low income (with a total household income under £31,000 per year) and vulnerable to the effects of living in a cold home, you may also qualify.
Insulation can help save up to £1,500 on energy bills, while the average cost of a boiler is around £2,000. This means that those on low incomes could potentially claim up to £3,500 worth of freebies, while those in the general group could still benefit by about £1,500. Once approved as eligible, your energy supplier will contact an installer on your behalf, who will then conduct a home survey to determine which measures are suitable. It is important to note that the installer must be accredited by TrustMark.
By taking advantage of these money-saving benefits, individuals can make their homes more energy-efficient and reduce their energy bills. It is crucial for those who qualify to fill out the necessary forms and apply for the scheme as soon as possible to start saving money on their energy costs. Don’t miss out on this opportunity to improve your home and save money in the process.