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Green Deal Home Improvement Fund returns |
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8 Dec 2014, 9:20 AM
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This week will see the re-launch of the Green Deal incentive scheme after an earlier version was forced to close. The Green Deal Home Improvement Fund gives people cash back when they install energy efficiency measures under the Green Deal scheme.
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The government has allocated a further £100m for the scheme, after the first £120m version was forced to close over the summer. It had been open just six weeks before all the money had been allocated, leaving consumers and the industry disappointed.
Only £30m of new £100m cash back fund will be available in the first wave. This will be split into two pots £24m for solid wall insulation and £6m for other measures.
Households can claim up to £1,000 for installing two of the measures from an approved list recommended by their Green Deal assessor and up to £4,000 for installing solid wall insulation.
A second pot of £30m will be released in February. Applications for the first pot are being taken from 10 December.
Energy secretary Ed Davey said the fund had been a “big success story for the Green Deal”.
He added: “The best way people can cut their energy bills, this winter and every winter, is to improve their homes so that they leak less heat and use less energy. That’s why we’ve increased the funding available for the Green Deal to help even more people start saving money sooner.”
Consumers wishing to claim the cash back will need a quote for the work and a Green Deal advice report or Energy Performance Certificate.
Richard Twinn, policy and public affairs officer at the UK Green Building Council, said: “Full marks to government for listening to industry and making sensible changes to the fund.
“A more robust application process is likely to result in fewer speculative applications and prevent the feeding frenzy witnessed last summer.Ring fenced funding will also stop the fund being completely swallowed up by the most expensive energy saving measures. However, this is still a finite pot of funding that will create uncertainty for both householders and industry when it inevitably runs dry.”
Credits:: Vern Pitt - Building.co.uk
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Positive review of this story |
Paul White |
11 Dec 2014, 9:50 AM |
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Very informative about Green Deal I know there's concern in some quarters because it's still a finite pot of funding that will could create perhaps uncertainty for both householders who leave it too late, but that's why it's key to sign-up for an
assessment as soon as possible.
Personally, I selected a North West
Green Deal team of specialists at STL Heating as I heard they're good plus I liked what I read in their customer reviews.
So I'm got them to come out to me in Manchester to do an assessment ... roll on Green deal and to saving money on my ever increasing bills!
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