There really has never been a better time to embrace energy saving home improvements, thanks to the introduction of the Green Deal Home Improvement Fund earlier this month. With up to £7,600 cashback on offer, the Government is pulling out the stops to encourage householders to become more energy efficient and, if the latest figures are anything to go by, it certainly seems to be working.
Launched on 9 June, the Green Deal Improvement Fund – or GDHIF – is accessible to households in England and Wales (but not Northern Ireland) and provides financial help for a range of energy efficient home improvements. With 12 measures currently on the list, domestic energy users can apply to the fund and get rewarded with cashback for installing replacement gas boilers, cavity wall insulation, double glazing and solid wall insulation, amongst other improvements.
The Green Deal Home Improvement Fund is open to homeowners, landlords and tenants who want to make their property more energy efficient and to help bring down their energy bills. For example, up to £1,000 back is on “offer” when you install any two of the following improvements:
- Condensing mains gas boiler
- Double glazing (replacing single glazing)
- Secondary double glazing
- Replacement doors
- Cavity wall insulation
- Floor insulation
- Flat roof insulation
- Room in roof insulation
- Replacement warm air unit
- Replacement storage heaters
- Flue gas heat recovery units
The second “offer” could see you benefit from up to £6,000 cashback if you install solid wall insulation. You can apply for both offers, or just one. But the offers don’t stop there. If you’ve moved into a new home and made these energy saving home improvements within a year you can apply for an additional £500. And last but by no means least, up to £100 will be paid to cover the cost of a Green Deal Assessment to recommend the most suitable improvements. Whatever work you have done, to be eligible for the cashback you must go through a Green Deal approved installer.
The Government is determined for the Green Deal scheme to succeed and provide much needed energy saving makeovers to our poorly insulated ageing housing. Commenting on the scheme, which was launched in 2013, energy and climate change secretary Ed Davey said:
“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.
“I want as many people as possible to benefit from this unmissable offer. It won’t be around forever, so sign up now and get your home ready for the winter.”
Since it’s launch less than 3 weeks ago, Government figures have revealed that within the first two weeks £8.5m has been issued out of an initial £50m investment. To date, 2,821 applications have been submitted.