The Department of Energy and Climate Change have announced the launch of the Green Deal Home Improvement Fund. The Green Deal Home Improvement Fund rewards homeowners with up to £7,600 to install energy efficiency improvements under the Green Deal framework.
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.”
The average annual bill saving from installing major measures such as solid wall insulation in a three-bed semi-detached house is £270, while savings from other measures such as upgrading a boiler can knock around £100 off a customer’s bill.
Under the new incentive scheme, which is available from June, domestic energy customers can get:
- up to £1000 for installing two measures from an approved list; and/or
- up to £6000 for installing solid wall insulation; and
- up to £100 refunded for their Green Deal Assessment.
The Green Deal Home Improvement Fund also entitles those who have bought a property in the 12 months prior to application to qualify for up to an additional £500 if they carry out energy efficiency improvements.