The ECO scheme was set up with the intention of helping vulnerable households on the lowest incomes to improve their energy efficiency and reduce their energy bills.
Funding for the scheme comes directly from everyone's energy bills in the form of a Green Tax. Under ECO, medium and large energy suppliers must fund the installation of energy efficiency measures in British (England, Scotland & Wales) households.
Each obligated supplier has an overall target that is based on it's share of the domestic energy market.
In October 2018 the Government launched the latest version of the ECO scheme, 'ECO3' and it now includes even more benefits – meaning more people than ever may be able to qualify.
The Energy Company Obligation (ECO) scheme is a Government backed scheme that is administered by OFGEM.
The grants available could cover the cost or heavily subsidise qualifying heating types and/or insulation in homes across England, Wales and Scotland.
The style and kind of your property you live in is used to calculate the amount of funding you can receive through ECO, as is the fuel which heats the home.
The amount of funding is pre-determined and if this does not fully cover the cost of your chosen installation, you may be asked to make a contribution towards this.