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What is a COSY loan?

East Hampshire District Council has announced a loan scheme to help residents to improve the energy efficiency of their homes.

The COSY loan scheme will provide 30% of the cost of improvements and installation as an interest free loan up to a maximum of £4,000.

Available on a first-come first-served basis, the council accepts applications and considers each individual one. It covers things such as windows and doors replacement, boiler replacement, insulation, solar panels and more. 

We've put a few questions to the council to help people understand more about it.

1. Does the homeowner have to get an EPC before applying for this loan? And if yes, do you recommend any particular organisations to carry this out? If there isn’t a current EPC, we ask for one to be carried out. The council don’t recommend any organisations.

2. Are the energy efficiency measures you will help to fund limited to items on the EPC? No, but we would expect the simpler measures to have been completed such as loft insulation. If not, we would consider the other retrofit measures being requested on the application on an individual basis.

3. Would this loan scheme cover items such as new radiators if a homeowner is installing a heat pump? It's possible it could be considered on a individual basis - if the current radiators would be inefficient and not maximise the heat pump we would consider them being included in the loan value.

4. Are there any restrictions to funding if the homeowner is getting a grant fund from elsewhere? No