What is ECO funding?
 | What's ECO Funding?
ECO means Energy Company Obligation. This is a piece of government legislation that runs alongside the newest Green Deal scheme and it is designed to help low-income and vulnerable households install energy saving improvements with their homes. ECO Funding can cover costly improvements that might not otherwise are categorized as the Green Deal golden rule, which states how the amount being saved must outweigh the cost of the works. You will find four main improvements that ECO Funding is intended for: ECO funding Cavity wall insulation Solid wall insulation (internal or external) Loft insulation Heating improvement Who will pay for it? Improvements made through the ECO Funding scheme are taken care of directly by the big energy suppliers. The us government has told them that they must assist in improving the power efficiency of disadvantaged households and hard-to-treat homes. Can one get ECO Funding? The ECO scheme will tell you three different categories: CERO: Carbon Emission Reduction Obligation Primarily for hard-to-treat homes for example period properties, either public or private, that cannot use the standard methods of insulation. The most likely improvements will probably be solid wall insulation or cavity wall insulation specifically designed for older structures. CSCO: Carbon Saving Community Obligation This part of the scheme is made for those surviving in specific areas, offering insulation and heating improvements. Your personal circumstances usually are not taken into account, precisely where you reside. HHCRO: Heat Cost Reduction Obligation Specifically for those on low-incomes or who already receive certain qualifying benefits, HHCRO will offer any measures which help lessen the household's heating costs. Check your HHCRO eligibility now. |
