Government revives Green Deal Home Improvement Fund with £30m investment
Today (10 December), the Government has re-opened its flagship Green Deal Home Improvement Fund (GDHIF), with up to £5,600 available to households in England and Wales to help with the cost of installing energy saving measures.
Up to £30m in vouchers will be available: £24m for solid wall insulation and £6m for two measures from a list of home improvements available under the scheme including: cavity wall insulation; condensing mains gas boiler; secondary glazing; floor insulation and wastewater heat recovery.
GDHIF was launched in June to incentivise homeowners to implement energy efficiency improvements and provided vouchers for more than 20,000 households.
The new £30m release is part of a £100m boost announced by Energy Secretary Ed Davey in October as a ‘step change on energy efficiency’ – additional to the £450m already allocated to households between 2014 and 2017.
Through this second release of funding, domestic energy customers can now receive:
– a maximum of £4000 for installing solid wall insulation
– a maximum of £1000 for installing two measures from an approved list
– up to £100 refunded for their Green Deal Assessment
– up to £500 more if applying within 12 months of buying a new home
Ed Davey said: “This fund is a big success story for the Green Deal helping thousands of people improve their homes so that they’re warmer, greener and cheaper to run.
“The best way people can cut their energy bills, this winter and every winter, is to improve their homes so that they leak less heat and use less energy. That’s why we’ve increased the funding available for the Green Deal to help even more people start saving money sooner.”
Energy Minister Amber Rudd said: “We’ve already taken £50 off energy bills this year, and have forced energy companies to make things simpler and easier for bill payers, but we know that the best way for households to cut their bills is to use less energy.
“More than three quarters of a million homes have already had energy saving improvements installed as a result of the Energy Company Obligation and Green Deal. It makes sense to go even further to help more families install measures so that they see the benefits of lower bills and a warmer home for years to come.”
Details of further releases will be announced on a quarterly basis, with the next release due in February 2015.