ENERGY COMPANY OBLIGATIONS
The ECO for the big six energy suppliers is also being launched in early 2013.
It is in three parts:
1. Affordable Warmth Obligation
To provide heating and insulation improvements for low-income and vulnerable households (but social housing tenants are not eligible for affordable warmth).
There are complex eligibility criteria for this means-tested scheme.
2. Carbon Saving Obligation
To provide funding to insulate solid-walled properties (internal and external wall insulation) and those with ‘hard-to-treat’ cavity walls.
This is not means-tested but can be used in conjunction with the Green Deal. The aim is to provide enough support to make these relatively expensive measures cost-effective.
3.Carbon Saving Communities Obligation
To provide insulation measures to people living in the bottom 15% of the UK's most deprived areas. It is expected that this element of ECO will particularly benefit the social housing sector.
Through ECO, the government aims to help 230,000 low-income households or those in low income areas. Of the expected investment by suppliers of £1.3bn per year, there will be a 75:25 split between the carbon and affordable warmth obligations.
UK Green deal Installers are here to guide and advise you on the best solutions for FUNDING your home.
Call free on 0800 1123 474 for a no obligation chat.