The Department on Energy and Climate Change has announced that the Green Deal Cash Back scheme will be replaced by the Green Deal Home Improvement Fund, from June 2014.
This will pay households in England and Wales even more money when they carry out energy efficiency improvements.
With the Green Deal Home Improvement Fund (GDHIF) you can get paid up to £7,600 to offset the costs of insulating your property.
If you have an existing property, we often recommend that you improve your insulation to meet modern standards before installing a ground or air source heat pump. This helps to ensure that the heating system has a high efficiency –which helps you to significantly reduce your energy bills. Once a heat pump is installed you could be eligible for the domestic Renewable Heat Incentive (RHI), learn more here >>
“The Green Deal Home Improvement Fund is another way the Government is making it simpler and cheaper for people to stay warm and improve their homes.” Said Climate Change Minister, Greg Barker.
Under the new Green Deal Home Improvement Fund, domestic energy customers can get:
- Up to £1,000 for installing two measures from an approved list (this includes: floor, roof and cavity wall insulation, double glazing and replacement doors); and/or
- Up to £6,000 for installing solid wall insulation; and
- Up to £100 refunded for their Green Deal Assessment.
Those who have bought a property in the 12 months prior to applying for the GDHIF scheme could qualify for a further £500 when they carry out energy efficiency improvements.
GDHIF is designed to work alongside Green Deal finance and householders may consider the Green Deal finance option to help fund some of the cost of the installation.
To learn more about the Green Deal Home Improvement Fund and the eligibility requirements please see the official press release from the Department of Energy and Climate Change >>
The Renewable Heat Incentive (RHI) is a separate scheme specifically for renewable heating technologies. This pays homeowners £1,000s back over a 7 year period to offset the capital costs of installing a ground or air source heat pump. Please learn more about the domestic RHI here >>
