INDUSTRYNEWS
Revamped Green
Deal launches
this month
The government’s revamp
of the controversial Green
Deal, the Green Deal
Home Improvement Fund
- providing grants of up
to £7,600 against energy
efficiency measures such as
insulation, new boilers and
double glazing – will be
launched this month.
This replaces the original
Green Deal under which
households borrowed money
to fund improvements and
repaid it through their energy
bills. Take-up of the latter
was disappointing – despite a
£125m cashback incentive –
and it was widely criticised for
its complexity and cost.
The new scheme, which
reimburses up to 75 per
cent of the cost of qualifying
improvements provided certain
conditions are met, is also
available to private or social
landlords.
In order to claim the money,
householders must first obtain
a Green Deal Assessment
‘available to private
or social landlords’
Report at a cost of £100£150, or provide an energy
performance certificate less
than two years old. They can
then apply to the fund to carry
out two improvements from
an approved list. These include
installing cavity or solid wall
insulation, double glazing, new
doors, loft insulation or fitting
a new boiler. If the application
is approved, a voucher for the
work will be issued.
WORK MUST BE D