Bill Savings Formula:
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The British Gas Energy Saving Scheme helps customers reduce their energy bills through subsidies and efficiency improvements. It provides financial support and guidance for implementing energy-saving measures in homes and businesses.
The calculator uses the bill savings formula:
Where:
Explanation: The equation calculates total savings by combining the direct subsidy amount with the ongoing savings from improved energy efficiency.
Details: Accurate calculation of energy savings helps households and businesses understand the financial benefits of energy efficiency measures and make informed decisions about energy investments.
Tips: Enter the subsidy amount provided by the scheme and the estimated efficiency savings in GBP. Both values must be non-negative numbers.
Q1: What types of subsidies are available?
A: The scheme offers various subsidies including grants for insulation, boiler upgrades, smart thermostats, and other energy-efficient appliances.
Q2: How are efficiency savings calculated?
A: Efficiency savings are typically estimated based on reduced energy consumption multiplied by current energy prices, often provided by energy assessors.
Q3: Who is eligible for the scheme?
A: Eligibility varies but typically includes British Gas customers meeting certain criteria such as income level, property type, or existing energy efficiency ratings.
Q4: How long do the savings last?
A: Subsidies are one-time benefits, while efficiency savings continue for the lifespan of the installed measures, typically several years.
Q5: Can I combine this scheme with other energy saving programs?
A: In many cases, yes. The scheme can often be combined with other government or local authority energy efficiency programs for maximum benefit.