ECO stands for Energy Company Obligation. It is a piece of government legislation that runs alongside the new Green Deal scheme and is designed to help low-income and vulnerable households install energy saving improvements to their homes.
ECO Funding can cover costly improvements that would not otherwise come under the Green Deal golden rule, which states that the amount being saved must outweigh the cost of the works. There are four main improvements that ECO Funding is intended for:
- Cavity wall insulation
- Solid wall insulation (internal or external)
- Loft insulation
- Heating improvement
Who pays for it?
Improvements made through the ECO Funding scheme are paid for directly by the big energy suppliers. The government has told them that they must help improve the energy efficiency of disadvantaged households and hard-to-treat homes.
Can I get ECO Funding?
The ECO scheme will run through three different categories:
CERO: Carbon Emission Reduction Obligation
Primarily for hard-to-treat homes such as period properties, either public or private, that cannot use the standard methods of insulation. The most likely improvements will be solid wall insulation or cavity wall insulation designed specifically for older structures.
CSCO: Carbon Saving Community Obligation
This part of the scheme is for those living in specific areas, offering insulation and heating improvements. Your personal circumstances are not taken into account, just where you live.
HHCRO: Home Heating Cost Reduction Obligation
Specifically for those on low-incomes or who already receive certain qualifying benefits, HHCRO will offer any measures that help reduce the household’s heating costs. Check your HHCRO eligibility now.