The Government is to offer a cash back incentive to boost take-up of its flagship Green Deal project.
From 28th January 2013, (when the Green Deal Finance Company will have funds available), households who use the Green Deal to make improvements such as loft insulation, solid wall insulation and replacement windows will qualify for up to £1000 cashback.
Energy Secretary Edward Davey said: “The Green Deal will provide unprecedented choice for consumers wanting to improve their homes and make them more energy efficient. This cash back offer will help get the Green Deal off to a flying start. It really is a great offer – the more work households have done, the more energy they stand to save and the more cash they receive.
“The Green Deal also presents a great opportunity for businesses of all sizes to take advantage of this transforming market – and now is a critical time. Whatever your business does in this sector, the Green Deal will have an impact. So I say to businesses large and small – gear up, get training and get ready to take advantage of the Green Deal.”
The offer 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 key to getting the cash back will be to have a Green Deal assessment carried out on the property, and for some or all of the improvements recommended to be implemented.
The cash back offer also applies to private or social landlords who can benefit if they are the property improver and are paying the costs themselves.
A total of £125m has been set aside to fund the cashback scheme.