If you’re looking to improve the energy efficiency of your home, there are various funding options available to you through the Energy Company Obligation (ECO) scheme. ECO is a government energy efficiency scheme designed to tackle fuel poverty and help reduce carbon emissions. The scheme has seen four iterations – ECO, ECO1, ECO2, and ECO3 – with the most recent, ECO4, now available to homeowners.
What is the ECO scheme?
The Energy Company Obligation (ECO) is a government scheme that requires medium and large gas and electricity suppliers to offer energy-efficient home improvements to low-income, fuel-poor, and vulnerable households. These improvements can include loft insulation, cavity wall insulation, solid wall insulation, electric storage heaters, and boiler replacement or repair.
How much funding is available?
The ECO scheme is currently offering around £1 billion in funding through the new ECO+ scheme . Around 80% of this funding will be made available for households in some of the least energy-efficient homes in the country. Additionally, the Green Homes Grant scheme offers vouchers that cover up to two-thirds of the cost of improvements, with a maximum government contribution of £5,000 .
Who is eligible for ECO funding?
ECO funding is primarily aimed at low-income, fuel-poor, and vulnerable households, as well as those living in some of the least energy-efficient homes in the country. However, the eligibility criteria can vary depending on the specific funding option.
How can I apply for ECO funding?
To apply for ECO funding, you should first check your eligibility by using the government’s energy grants calculator . You can also contact Home Energy Scotland if you live in Scotland . Once you have determined your eligibility, you can apply for funding through a participating supplier or installer. You can find a list of participating companies on the ECO4 website .
How can I get help with applying for ECO funding?
If you need help applying for ECO funding, you can get phone support from the government . This can be especially useful if you don’t feel confident using a computer or don’t have internet access.
In summary, ECO funding is a great option for homeowners looking to improve the energy efficiency of their homes. With funding available for a range of improvements, including loft insulation, cavity wall insulation, and boiler replacement, ECO can help you save money on your energy bills while also reducing your carbon footprint. To apply for funding, check your eligibility using the government’s energy grants calculator and contact a participating supplier or installer.