Green Deal cashback cap abolished
Householders who make energy saving improvements, could receive more than £1000 as part of the Green Deal cashback scheme, the Government announced today.
The Department of Energy and Climate Change (DECC) had previously indicated that households would face a £1000 cap, but it confirmed today that there would be no limit.
According to DECC, the more work households have done, such as loft insulation, solid wall insulation and new heating systems, the more cash they can pocket.
Energy and Climate Change Secretary Edward Davey said:
"The Green Deal will be a great offer for people to insulate their homes from the cold, and their wallets from rising energy prices. With cashback too, energy saving has never been so attractive."
The scheme, which will be launched on January 28, is a time-bound offer and is limited to one per household.
It can cover a package of improvements so long as the householder is contributing to installation costs and work done is overseen by an authorised Green Deal provider.
Davey hailed the scheme as a "generous offer" but cautioned that it would work on a first-come first-served basis so householders would need to be quick off the mark.
"Get an assessment, be ready to have home improvements done with a Green Deal when it launches on 28 January and then get your cashback."
"This also sends a clear message to the industry that the Green Deal is coming. Green Deal Providers and businesses in the supply chain need to start gearing up to take full advantage of what promises to be an exciting new market," he said.
A total of £125m has been earmarked for the energy efficiency incentive meaning that hundreds of thousands of people could qualify.
However, the current rates are only guaranteed for the first £40m of the scheme.