Sitting under the umbrella of Green Deal is another funding stream called ECO, the Energy Company Obligation.
ECO will also be launched in October 2012 and collates funds from all major energy suppliers. This money will be filtered into energy conservation projects for some of the UKs poorest communities. Similar to CERT and CESP initiatives, ECO will help the most vulnerable residents benefit from an array of energy efficiency measures with no costs to the recipients.
Energy companies are required to provide an estimated £1.3bn a year to supplement energy efficiency installations throughout the UK and at least £540m to fund home improvements for the most vulnerable householders.
Resents that receive certain qualifying benefits will be able to apply for free services including installations for hard to treat properties. Services such as external wall insulation are likely to be in high demand following the launch of ECO.
YES Projects (the delivery subsidiary for Yorkshire Energy Services – one of the Governments pioneer Green Deal Providers) are keen to establish ECO funded schemes across the country. The organisation is working in partnership with PB Energy Solutions to help connect to Green Deal accredited installers and create a national network to fulfil both ECO and Green Deal installations.
Representatives of YES Projects will be attending CIH Housing 2012 at Manchester Central on the 12th – 14th June. If you’re interested in joining the Green Deal network and want more information about ECO visit stand B16.