The Government has launched the Green Deal Home Improvement Fund (GDHIF), providing more funds for people who want to make energy efficient improvements to their homes.
From June of this year people in England and Wales will be able to get up to £7600 back through the new scheme, according to the Department of Energy and Climate Change (DECC).
The GDHIF is designed to help those who install energy efficiency measures such as solid wall insulation and new heating systems by providing them with money back on the contributions they make towards improvements.
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.”
Under the new incentive scheme, 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 scheme 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.
In December the government announced a £540 million three year energy efficiency package to make Britain’s homes and public buildings more energy efficient.
Climate Change Minister Greg Barker said that the new fund is another example of the government making it “simpler and cheaper” for people to stay warm and improve their homes.
“I want households across the country to benefit from more energy efficient homes and reduced bills through the Green Deal, and that is what the new home incentive fund will do,” he said.
The GDHIF also applies to private or social landlords, who can benefit if they undertake to improve the property and are paying the costs themselves.