Grants Available for Landlords Seeking Free Insulation
Free insulation for tenants is well-known and sought after, but what grants are available for landlords looking to improve their properties with insulation to raise EPC ratings? Well, the two actually crossover pretty well, as the grants your tenants qualify for will directly impact the grants you qualify for. These are likely to be either the ECO4 scheme or the Great British Insulation Scheme (GBIS). Let us explain more below.
Your Role as a Private Landlord in Grant Applications
Before delving into the various grants for free insulation in greater detail, it’s crucial to understand that no application for insulation can proceed in a rented property without the landlord’s approval. This means you’ll need to provide permission and support your tenant in applying for a grant if your property and their circumstances qualify.
This requirement protects you from unwanted changes to your property. However, there’s really no reason why a landlord should object to new insulation for their property because it brings a range of benefits their way.
Benefits of Allowing Tenants to Apply for Free Insulation
Upgrading the insulation in your rental property benefits everyone, especially if tenants qualify for free insulation through one of the main government grants.
- Retention of Tenants: Improved comfort can lead to longer tenancies.
- Increased Property Value: Higher rental market value.
- Property Condition: Enhanced overall condition.
- EPC Rating: Higher energy efficiency ratings.
- Efficiency and Longevity: Long-term benefits due to the durability of insulation.
- Reduced Carbon Emissions: More environmentally friendly properties.
- Market Appeal: Increased attractiveness to prospective buyers or new tenants.
These benefits come at no cost to you, with the insulation funded through grants.
Available Grants for Landlords
Two main grants relevant to landlords are:
- ECO4 Scheme
- Great British Insulation Scheme (GBIS)
ECO4 Scheme for Landlords
ECO4 aims to deliver home improvement measures, including insulation, funded by the government and implemented by energy companies for their low-income customers. Landlords can benefit if their property and tenant meet specific criteria.
ECO4 Eligibility Criteria:
- Landlord’s permission.
- Household income under £31,000 per year.
- EPC rating of D-G.
- Tenant receives a means-tested benefit.
Means-Tested Benefits Include:
- Universal Credit
- Housing Benefit
- Working Tax Credit
- Child Tax Credit
- Income-Based Jobseeker’s Allowance
- Income-Related Employment and Support Allowance
- Income Support
- Child Benefit (household income dependent)
- Pension Credit Guarantee Credit
- Pension Credit Savings Credit
If these conditions are met, you can support your tenant in applying for ECO4.
Great British Insulation Scheme for Landlords
The GBIS, formerly known as ECO+, focuses on insulation improvements for low-income households in thermally inefficient homes.
Insulation Types Offered:
- Cavity wall insulation
- Room-in-roof insulation
- Internal and external solid wall insulation
- Park home insulation
- Loft, solid floor, pitched roof, underfloor, and flat roof insulation
GBIS Eligibility Criteria:
- Landlord’s permission.
- Household income below £31,000 annually.
- EPC rating of D-G.
- Council tax band A-E (A-D in England).
Costs to Landlords
If your tenant qualifies, the insulation and its installation are free. If the grant doesn’t cover the full cost, the tenant is responsible for the remaining amount. While not obligatory, you may choose to cover the extra cost since the property benefits in the long run.
Next Steps
If you believe your tenant is eligible, discuss your plans with them and work together to ensure eligibility for the grant. Clearly communicate your permission for the application and assist your tenant through each stage of the process.
If you need further assistance, feel free to check your tenant’s eligibility with us today.
