In April 2013 the Government launched the Energy Company Obligation (ECO) - a national scheme designed to improve the energy efficiency on domestic properties in England, Scotland and Wales. Eco is a legal requirement for major energy companies who are required to provide funding for the installation of energy saving measures in certain households.
ECO remains the main funding stream for domestic energy efficiency and it helps cover, or contribute, towards the cost of insulation and heating upgrades, supporting thousands of residents reduce their impact on the environment and keep warm for less.
ECO has gone through many changes since its inception, but it is still the primary funding channel for retrofit measures and schemes for domestic properties. The Government’s recently published Clean Growth Strategy refers to a figure of £3.6 billion of investment to upgrade around a million homes through ECO, and extend support for home energy efficiency improvements until 2028 at the current level of ECO funding. The latest phase now offers exciting opportunities for local authorities to really drive activity in their target areas and extend the scope of support available
During these times of austerity and increasingly tight budgets, local authorities need to be vigilant and make the most of what is available to get projects off the ground and make their budgets deliver further benefits.
Having previously published our simple guide - What is ECO and Green Deal, YES Energy Solutions and APSE Energy have now revised the publication to cover the latest changes and opportunities for Local Authorities.
Our new guide gives a clear overview of what ECO is, how to get involved and more importantly – how to use it to the advantage of both local authorities and local communities.