Government launches £125m Green Deal cashback scheme
Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Environment, Finance
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The Government has made £125 million available under its Green Deal cashback scheme for householders who wish to make energy saving changes to their homes.
People who use the Green Deal to make improvements like loft insulation and new heating systems will qualify for financial packages, some of which could be worth over £1,000.
To qualify for the scheme, residents need to book a Green Deal property assessment. They will then be ready to have any improvements installed under the Deal from 28 January and be able to claim their cashback.
The energy and climate change secretary, Ed Davey, said: "The Green Deal will be a great offer for people to insulate their homes from the cold, and their wallets from rising energy prices. With cashback too, energy saving has never been so attractive.
"Our Cashback Scheme is a generous offer but it’s first-come, first-served so householders need to be quick off the mark. Get an assessment, be ready to have home improvements done with a Green Deal when it launches on 28 January and then get your cashback.
"This also sends a clear message to the industry that the Green Deal is coming. Green Deal Providers and businesses in the supply chain need to start gearing up to take full advantage of what promises to be an exciting new market."
The scheme is a time-bound offer and is limited to one per household, but can cover a package of improvements so long as the householder is contributing to installation costs and work done is overseen by an authorised Green Deal Provider.
The National Landlords Association has welcomed the scheme. Chief executive Richard Lambert said: "The Green Deal is already set to save landlords thousands of pounds in the cost of energy efficiency measures. That means tenants could see their fuel bills reduce significantly as a result.
"However, with the added benefit of the Cashback Scheme, tenants are likely to save even more, potentially hundreds of pounds – a significant incentive for tenants to agree to the Green Deal.
"We hope that landlords will guide their tenants through the process of making energy improvements when the Green Deal launches at the end of the month. The Green Deal really is landlords’ opportunity to show they can improve their properties’ energy efficiency without the burden of regulation."