ECO3 FUNDING FOR

What is? Eco3 Funding

The Energy Company Obligation (ECO) is a government energy efficiency scheme in Great Britain to tackle fuel poverty and help reduce carbon emissions. The ECO scheme means that medium and large gas and electricity suppliers – including British Gas, EDF Energy, Eon, Ovo, Scottish Power, and SSE are obliged to help households with energy efficiency measures such as Electric Storage Heaters, loft insulation, cavity wall insulation, solid wall insulation, and boiler replacement or repair. They’re all designed to help save people money on their energy bills, keep homes warmer and help to reduce carbon emissions.

How ECO works

Under ECO, medium and larger energy suppliers fund the installation of energy efficiency measures in British households. Each obligated supplier has an overall target based on its share of the domestic energy market in Britain. The obligated energy suppliers work with installers to introduce certain efficiency measures into your homes, such as loft or wall insulation, or heating measures.

The ECO3 scheme consists of one distinct obligation: the Home Heating Cost Reduction Obligation (HHCRO).

The obligation explained

The Home Heating Cost Reduction Obligation requires energy suppliers to promote the installation of measures that lead to financial savings on energy bills, such as the installation of insulation and heating measures.

Check your eligibility

If you know your EPC rating (optional)
  • - Condenser Boiler - a condensing boiler will have a white or black plastic pipe under the boiler going outside)
  • - Back Boiler - is a type of boiler that’s installed behind a home’s fireplace hearth, and gets its heat from a gas fire, open fire, or an electric heating element.
    • If known and year of installation (optional)
    *Child Benefit income threshold to qualify to receive ECO 4 funding

    ECO3 - Energy Company Obligation version 3

    This is a government’s response to the Energy Company Obligation (ECO3) consultation that sets out the policy of the scheme that is currently running from Autumn 2018 until March 2022. The scheme delivers energy efficiency and heating measures to homes in Great Britain.

    The scheme’s other main policies include:

    • focusing the entire scheme to support low income, vulnerable and fuel poor households

     

    • reducing the current supplier obligation threshold of 250,000 customer accounts (or equivalent) for the scheme, in a phased way, to 150,000 customer accounts (or equivalent) from 2020

     

    • requiring 15% of measures to be delivered to rural homes

     

    • increasing the proportion of the scheme that can be delivered under local authority flexible eligibility to 25%

     

    • allowing up to 10% of a suppliers’ obligation to be met through the delivery of new, innovative products

    • supporting households that have a broken heating system by allowing the equivalent of 35,000 broken heating systems to be replaced per year

     

    • encouraging a multiple measure approach by allowing the replacement of inefficient heating systems to be replaced (outside of the broken heating system cap) if they are installed alongside insulation

     

    • requiring the equivalent of at least 17,000 solid walled homes to be treated per year, either through solid wall insulation, or using a combination of other technologies (if equivalent savings can be achieved in the property)

    Green Deal

    The Green Homes Grant scheme is only available to homeowners and residential landlords in England. You might be able to get funding from a different scheme if your property is in Wales, Scotland, or Northern Ireland.

    If you’re a homeowner or residential landlord you can apply for a Green Homes Grant voucher towards the cost of installing energy efficient improvements to your home.

    Improvements could include insulating your home to reduce your energy use or installing low-carbon heating to lower the amount of carbon dioxide your home produces.

    You must redeem the voucher and ensure improvements are completed by 31 March 2022.

    How much you can get

    • Vouchers will cover two-thirds of the cost of eligible improvements, up to a maximum government contribution of £5,000.

     

    • If you, or someone in your household, receive certain benefits you may be eligible for a voucher covering 100% of the cost of the improvements. The maximum value of the voucher is £10,000. Check if you’re eligible for the low-income support scheme.

     

    • Landlords are not eligible for low-income support.

    Eligibility

    You may be eligible if you live in England and:

     

    • you own your own home (including long-leaseholders and shared ownership)

     

    • you own your own park home on a residential site (including Gypsy and Traveller sites)

     

    • you’re a residential landlord in the private or social rented sector (including local authorities and housing associations)

     

    • You cannot get the Green Homes Grant for newly built homes which have not been previously occupied.