The Energy Company Obligation also known as ECO, sits alongside Green Deal as part of the Government’s Energy Initiative which aims to help 14 million homes become more energy efficient by 2020. The statutory ‘Golden Rule’ of Green Deal funding is that it should cost no more to install than the savings it will make for the household during the repayment period.
In some instances, improvements required are significantly more expensive; often due to harder to treat properties or older housing stock. In these cases ECO offers further support in addition to Green Deal finance. Properties that meet the ECO funding stream requirements are eligible for fully or partially funded energy efficiency improvements.
As part of your EPC, Simple Energy will advise on whether improvements made to your portfolio or housing stock will be covered by the Green Deal, or whether you could apply for ECO funding.
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