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Green Deal home improvement fund offers £1,000s to homeowners

green deal approved

The Government hopes the new funding will increase Green Deal uptake

The Green Deal home improvement fund will offer thousands of pounds worth of incentives to homeowners for installing energy efficient measures, such as new boilers and solid wall insulation.

The Government hopes this new range of measures will help boost the Green Deal’s disappointing uptake figures.

The Green Deal first launched in January 2013 and was hailed by many as a key part of making Britain’s homes more energy efficient, however, it has since failed to meet expectations.

Up to £7,600 available for households

Under the Green Deal home improvement scheme, households are entitled to:

  • Up to £1,000 for installing two of the approved energy efficiency measures
  • Up to £6,000 for installing solid wall insulation
  • Up to £100, to refund a Green Deal Assessment

The new programme also entitles anyone who purchased their property in the past 12 months, to apply for a further £500 when they carry out relevant improvements.

Hundreds of pounds worth of savings available

According to the DECC, a typical three-bedroom semi-detached house, which installs all of the major measures, including solid wall insulation, would save around £270 on an annual energy bill. Switching to a more energy efficient boiler, would reduce bills by about £100.

Critics of the scheme are likely to point out that that the home improvement fund is still not enticing enough and should include discounts on council tax and stamp duty.

‘Faulty boilers, draughty windows and insufficient insulation’

Speaking on the announcement, Energy and Climate Change Secretary Ed Davey said: “The best way for households to take control of their energy bills is to use less energy.

“Faulty boilers, draughty windows and insufficient insulation all cause properties to leak hundreds of pounds every year. But advice and support through the Green Deal can help put a stop to this.

“By installing energy saving improvements, families across the country can enjoy the benefits of warmer, more energy efficient homes and lower bills.”

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