Wizard Eco Secures $400,000 to Accelerate ECO4 Scheme Installations

Wizard Eco, a nationally accredited installer for the ECO4 Scheme, has secured $400,000 in investment capital from private investors. This funding round marks a significant financial boost for the company, which specializes in delivering energy efficiency solutions to domestic properties across the country. The company operates within the framework of the Government’s ECO4 scheme, launched in January 2013. This initiative places legal obligations on major energy companies, such as British Gas and Eon, to implement energy efficiency measures. Wizard Eco takes a comprehensive, whole-house approach to improving home energy performance, aiming to help qualifying claimants reduce their energy bills by up to 50%. Their services include the provision of free home insulation systems and heating replacements, encompassing solutions like gas boiler upgrades, air source heat pumps, solar PV installations, and various types of insulation such as cavity wall, internal wall, and roof/loft insulation. The newly acquired capital is earmarked to fuel Wizard Eco's strategic growth initiatives and expand its operational capacity. This investment will enable the company to reach a greater number of eligible households and enhance its service delivery, ensuring more homes can benefit from crucial energy efficiency upgrades. By strengthening its infrastructure, Wizard Eco plans to broaden the availability of its free home improvement offers, directly contributing to the wider goals of the ECO4 scheme to combat fuel poverty and reduce carbon emissions. This injection of capital positions Wizard Eco for continued expansion, underscoring its commitment to advancing energy efficiency and supporting homeowners in achieving substantial savings on their utility costs. The company is poised to further its impact within the national energy efficiency landscape.