The UK government has launched its cash incentive scheme for the Green Deal in a bid to increase the take-up of home energy improvements.
Under the Green Deal cashback initiative households in England and Wales could receive up to £1,000 in financial incentives for carrying out measures such as loft insulation, solid wall insulation and new heating systems.
The Green Deal will launch on 28th January and will enable homes and businesses make energy efficiency improvements with the costs repaid through expected savings on their energy bills. Homeowners using the Green Deal will qualify for the cashback payments.
For example, households could receive up to £100 for installing loft insulation, £250 for cavity wall insulation and £650 for solid wall insulation. A total of £125 million is available under the scheme with these rates guaranteed for the first £40 million.
The Green Deal Cashback scheme is a time-bound offer and is limited to one per household, but can cover a package of improvements so long as the householder is contributing to installation costs and work done is overseen by an authorised Green Deal Provider. To qualify householders need to:
Have a Green Deal assessment carried out on their property.
Get and agree quotes from a Green Deal Provider.
Apply for a cashback voucher online
Complete works within the specified period.
The deal is open to owner-occupiers, those renting privately or in social housing. Landlords, both private and social, are also eligible where they pay installation costs, up to certain limits. In all cases, Cashback will be capped at 50% of the householder’s contribution to costs.
Energy and climate change Secretary Edward Davey said: “Our cashback scheme is a generous offer but it’s first-come, first-served so householders need to be quick off the mark. Get an assessment, be ready to have home improvements done with a Green Deal when it launches on 28 January and then get your cashback.
“This also sends a clear message to the industry that the Green Deal is coming. Green Deal providers and businesses in the supply chain need to start gearing up to take full advantage of what promises to be an exciting new market.”