Homes in the social housing sector needing central heating for the first time (FTCH) are now eligible for Energy Company Obligation (ECO) and Warm Homes (WHF) funding. This is a great opportunity for social landlords with properties heated by other means such as old electric storage heaters, to upgrade and replace them with new gas central heating systems. The combined ECO and WHF finance will go a long way to cover the investment needed on a property by property basis increasing the financial and social value of the stock.
FTCH funding may not be a straight forward process and to unlock the funds, social landlords must have EPC rated properties of E, F or G, when most properties of this kind could well fall in the D rated category and prove ineligible. Property Tectonics (pt) has considerable experience in FTCH funding, PAS 2030 2017 compliance and arranging both funding and competent contractors to install the heating systems and gas connections where required. We have the expertise to undertake more detailed and deeper analysis of eligible buildings to ensure the designated EPC rating truly reflects what is on the ground. Our experience is that many low D rated properties with further and more detailed analysis, actually fall within an E rating, making them eligible for ECO & WHF funding.
Having achieved the funding, installing new central heating can be technically challenging especially when negotiating and engaging with network operators and utility providers to facilitate gas connections to the mains and the installation of gas meters. This must be properly programmed and managed otherwise inconvenience to the residents will be huge; for example, being left without heating or hot water. Managing and coordinating different organisations is difficult and unless this is done well costs will exceed budgets, meaning fewer homes can benefit from the improvements.
There is an opportunity to apply for funding in the next round of WHF this summer and now is the time to identify and prepare your projects for submission. It takes time to identify target properties, test eligibility, undertake network investigations, calculate accurate budget costs etc. and prepare the applications, but in the end, with a combined (ECO/WHF) funding of up to 70% it is well worth the effort. Not only that, residents also save money on their heating and domestic hot water bills and in some cases, these have been as high as 65%.
For help, support and further information please contact Director, Alex Matthias, at Property Tectonics; email@example.com or 0161 794 9977