what is Eco?
The Energy Company Obligation (ECO) is a Government funding stream that runs in conjunction with Green Deal which creates exciting opportunities for installers.
All major Energy Companies are bound by Government to support specific householders by offering funding towards a broad range of energy saving measures.
Find out which Green Deal measures are funded through ECO.
The ECO scheme will run until March 2015 and is primarily aimed at combating fuel poverty and upgrading hard to treat properties in both the public and private sector. It will reduce or remove the installation costs of critical home improvements (such as insulation and heating) for thousands of eligible householders.
Energy Companies are obligated to invest around £1.3 billion a year to support the most vulnerable homes and communities. ECO has replaced the Government’s previous funding initiatives, CERT (Carbon Emissions Reduction Target) and CESP (Community Energy Saving Programme).
Occupancy assessments will identify which residents are eligible for ECO funding by reviewing their living conditions and personal circumstances (e.g. age, benefit entitlements etc).
ECO is divided into 3 strands and customers will be categorised accordingly. The 3 ECO strands are: the Home Heating Cost Reduction Obligation (HHCRO), the Carbon Emission Reduction Obligation (CERO) and the Carbon Saving Community Obligation (CSCO).
Criteria to meet these strands – The Home Heating Cost Reduction Obligation (HHCRO) - A person living in a domestic premise that is in receipt of the following benefits:
(A) Child tax credit and has a relevant income of £15,860 or less.
(B) Income-related employment and support allowance and either is receiving a work-related activity or support component, or has parental responsibility for a qualifying child, or is in receipt of a qualifying component.
(C) Income-based job seeker’s allowance and either has parental responsibility for a qualifying child, or is in receipt of a qualifying component.
(D) Income support and either has parental responsibility for a qualifying child, or is in receipt of a qualifying component.
(E) State pension credit or working tax credit and has a relevant income of £15,860 or less and either has parental responsibility for a qualifying child, or is in receipt of a disabled worker element or severe disability element, or is aged 60 years or over.
The Carbon Emission Reduction Obligation (CERO) –CERO is currently available to all homeowners and private renting tenants (subject to technical survey).Carbon Saving Community Obligation (CSCO).-Households that require home insulation measures and are situated within designated Lower Supper Output Areas.