All you need to know about the government ECO funding

After the events of the last few years, we wouldn’t be at all surprised if news of the Energy Company Obligation (ECO) scheme had passed you by. But we’re here to tell you that government ECO funding could help you to transform the energy efficiency of your home. How does a free new boiler, first-time central heating, underfloor insulation, cavity wall insulation or loft insulation sound? Find out more in our complete guide to the ECO scheme. 

This long-running but soon-to-end funding initiative is designed to help the most vulnerable people in society escape fuel poverty and enjoy the highest standards of heating, just like everyone else in the country. We’ve compiled this guide to bring you right up to speed with the Energy Company Obligation.

What is the Energy Company Obligation (ECO) scheme?

First launched in January 2013, the Energy Company Obligation – or ECO for short – is designed to help British homeowners lower their heating costs, as well as the nation’s carbon footprint. Under the ECO scheme, the ‘Big Six’ energy suppliers – British Gas, EDF, Eon, Npower, Scottish Power and SSE – are obliged to help homeowners to make their homes more energy-efficient, with a raft of energy-saving installations.

Why did the government introduce the ECO?

The Energy Company Obligation has always been about helping homeowners to boost the energy efficiency of their homes. But this latest version is solely focused on helping to level up heating standards for lower-income homeowners and families that are considered to be vulnerable or living in fuel poverty. The current government ECO scheme, known as ECO3, was launched in December 2018 and runs until 31 March 2022. 

How does the government ECO funding work?

Obligated energy suppliers fund the installation of energy efficiency measures in homes across the country. Each has an overall target based on their share of the UK’s energy market and must deliver 15% of measures to homes in rural areas, while 10% can be ‘innovative’ products like smart meters. The supplier works with installers to install these new efficiency measures, like a replacement boiler or first-time central heating. 

How can the ECO grant benefit me?

In total, 6.5 million households are eligible for government ECO funding. If you’re one of those people, and you live in England or Wales, the quickest, easiest and most convenient way to secure your ECO grant is to let Green Team Energy Solutions apply on your behalf. 

Why not check if you’re eligible today?

For more information about our services, or for assistance applying for the government ECO funding, please contact Green Team Energy Solutions today on 0161 537 4068 or email info@gtesltd.co.uk.