Homeowners in England will be able to get up to £5,000 worth of vouchers to make energy-saving improvements to their properties from September 2020.
The government will pay at least two thirds of the cost of some energy-saving home improvements. Chancellor Rishi Sunak announced details of the £2bn Green Homes Grant in the recent economic update statement.
Homeowners and landlords will be able to apply for the vouchers from September 2020. The announcement is part of a £3bn investment in green technology to cut carbon emissions.
The vouchers will be for homeowners and are expected to cover energy-saving measures including boilers, double glazing, energy-efficient doors, energy-saving light bulbs and insulation. The vouchers will pay for at least two thirds of eligible measures up to the value of £5,000. For example, if you wanted to fit insulation worth £4,000 in your home, you would pay £1,320 and the government would give you a voucher for the remaining £2,680.
Those on the lowest incomes wouldn’t have to pay anything and could get vouchers of up to £10,000.
You’ll need to complete an online application for one of the recommended home improvements, get a quote from a listed supplier and have that quote approved before getting the voucher to spend. The Government has said that homeowners will be able to apply for the grants on the Simple Energy Advice website from September.
Some commentators have warned that the funds allocated for Green Homes Grants could run out very quickly, as happened with the 2014 Green Deal Home Improvement Fund.
Article abridged from Which;