ECO3 Scheme - It’s Not a Scam!
Everyone deserves to live in a warm, dry home but this can be difficult for some low income, vulnerable or fuel poor households. Luckily, there are measures which have been put in place to address this issue, including the Energy Company Obligation (ECO3) Scheme.
The government has worked with consultants from the Energy Company Obligation and the ECO3 Scheme was launched in 2013. It’s currently running until 2022, and if you’re worried it’s too good to be true, don’t be. The ECO3 scheme is completely legitimate, so if you want to know more about how it works and how you could save, see below for our handy guide.
What is the ECO3 Scheme?
ECO3 is a government energy efficiency scheme, designed to tackle fuel poverty and reduce carbon emissions across Great Britain. It helps low income, vulnerable or fuel poor homes to access funding for an upgraded heating system. Under ECO3, medium and large energy suppliers fund the installation of energy efficient systems in British households.
Each obligated supplier has a target to meet (based on their share of the domestic energy market) and they work with installers to introduce energy efficient measures to British homes. These include things like loft or wall insulation, or heating measures.
Eligibility for the ECO3 Scheme
Payment thresholds have been removed from the qualifying criteria so qualifying is based solely on receipt of certain benefits. These include:
● Pension Credit Guarantee Credit Element
● Income Related Employment and Support Allowance (ESA)
● Income based job seekers allowance (JSA)
● Income Support
● Working and Child Tax Credits
● Carers Allowance
● Disability Living Allowance
● Personal Independence Payment
● Child Benefits
● Child Tax Credits
There are some additional benefits which mean you might be eligible, you can check your eligibility on a website like UK Energy Management (NE) Ltd here.
Savings this year
Companies like UK Energy Management (NE) Ltd help customers to access funding for the ECO3 Scheme. So far, we’ve helped people just like you make £47,340,743 in lifetime savings across the country in 2021! There have been 3,755 installations of either insulation or heating measures (figures up to June 21). There’ll be many more as we head into winter.
Want to know if you qualify for the ECO3 grant? Get in touch with UK Energy Management (NE) Ltd to find out if you’re eligible. We’ll help you every step of the way, from explaining your options to finding you a deal that best suits your individual needs. Don’t meet the criteria for funding? All is not lost - we can contact your local authority who may be able to offer our services through flexible eligibility. For more information about ECO3 funding, give us a call today or contact us via our website.