Category: Green Deal Cashback

Green Deal Home Improvement Fund has now issued over 36 million pounds of vouchers

Just five weeks into the scheme, over £36 million pounds worth of vouchers have now been issued by the UK government’s Green Deal Home Improvement Fund. This means the first £50 million, current rates guaranteed, could be used up within the next two weeks at the current rate of uptake.

GDHIF

The new £7600 incentive offered to households is split into a number of parts; £1000 is given for installing two measures from an approved list of renovations, £100 is available towards the cost of an the initial assessment and £6000 is on offer for the expensive procedure of installing solid wall insulation. Those who’ve bought their property within 12 months of application to the scheme are also eligible for a further £500.

It is unknown at present, what the government will do once the £50 million threshold, has been reached. Although, it is understood that this £50 million is part of £120 million available during this current financial year. Government could decide to reduce the subsidy for some or all the measures or simply release more money and put it into the GDHIF pot. No doubt there will be surplus funds available from the previous Cash-back scheme that finished on 30 June 2014.

However, government needs to move quickly in order to avoid being accursed of “roller-coaster intervention” by the industry and householders – which fails to create a sustainable market that is of benefit to both householders and installers.

GDHIF cores

12 improvement measures

Click here for more details on the Green Deal Home Improvement Fund

Or contact The 80percent Hub about having a Green Deal Assessment

Click here for the latest figures

See press release

£25 million pounds of vouchers now issued for Green Deal Home Improvement Fund

After only four weeks over £25 million pounds worth of vouchers have now been issued by the UK government’s Green Deal Home Improvement Fund. This is over half of the initial £50 million which is part of a £540 million three year package announced by the government in December 2013.

GDHIF

At the one month milestone, 4405 households in England and Wales are already taking advantage of the new scheme which offers up to £7600 for energy saving measures such as solid wall insulation, new heating systems and double glazing. With the current rates guaranteed for the first £50 million, people should act now enjoy the benefits of a warmer, greener home and lower energy bills.

Climate Change Minister Greg Barker, said:

“With the Green Deal Home Improvement Fund off to such an encouraging start, it’s the perfect time to make your home more energy efficient. Act now, get money for the improvements and enjoy a warmer home and lower energy bills this winter.”

The new £7600 incentive offered to households is split into a number of parts; £1000 is given for installing two measures from an approved list of renovations, £100 is available towards the cost of an the initial assessment and £6000 is on offer for the expensive procedure of installing solid wall insulation. Those who’ve bought their property within 12 months of application to the scheme are also eligible for a further £500.

GDHIF cores

12 improvement measures

Click here for more details on the Green Deal Home Improvement Fund

Or contact The 80percent Hub about having a Green Deal Assessment

Click here for the latest figures

See press release

Green Deal relaunches with a 1500 pound sweetener

Homebuyers who install energy-saving measures within the first 12 months of moving into their new home will be able to claim new grants – typically up to £1,500 – after a government revamp of the green deal.

In an article in The Guardian the Secretary of State for the Department of Energy and Climate Change – Ed Davey said the government had listened

“I think it’s much more generous. It’s also much simpler. We did a lot of research on what consumers would react to, to make their homes warmer and cheaper to run.” Research, he added, also showed that people liked the “pick two from a list and get £1,000” approach. “We’ve gone for things that people most want – a new boiler, double glazing, cavity wall insulation.”

Read the full article here.