Category: Green Deal Home Improvement Fund

Government closes popular Green Deal Home Improvement Fund immediately

The Department for Energy and Climate Change have just announced in press release that the Green Deal Home Improvement Fund is to close with immediate effect. Despite only two days ago they issued a press release saying how successful the scheme had been and seemed to suggest that more money would be available, although they were reducing the subsidy for solid wall insulation from £6000 to £4000 from Friday 25 July and from 5 August 2014 flue gas heat recovery systems will not longer be an eligible measure for the subsidy.

GDHIF

See latest press release

My comment:

Only last week was I expressing concern that this scheme was in danger of becoming a classic example of “roller-coaster” intervention by DECC. This appears to have become true. DECC appear to be incapable of managing energy efficiency or renewable energy (Solar PV – Feed-in-tariff) that will lead to a steady sustainable uptake of measures – that are good for the environment, householders and the industry.

Peter Bates

 

UK government now received applications worth 50 million pounds for subsidies under the Green Deal Home Improvement Fund

The UK government has now received applications from householders for £50 million of vouchers from Green Deal Home Improvement Fund. As a result it it now releasing the remaining more money from a pot of at least £120 million available until the end of March 2015.

GDHIF

However, from 5 August 2014 flue gas heat recovery systems will not longer be an eligible measure for the subsidy. And from 25 July 2014 the government is reducing the subsidy for solid wall insulation from £6000 to £4000.

The latest £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 £4000 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

Please note a flue gas heat recovery system will no longer be an eligible measure for the subsidy from 5 August 2014. And from 25 July the subsidy for Solid Wall Insulation will be £4000 not £6000.

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 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