23rd October, 2012

Householders insulating their homes from January 2013 will be able to claim hundreds and potentially thousands of pounds back in cash from the government. Department of Energy and Climate Change has outlined a 125m pot of cashback money for the first people to increase the energy efficiency of their homes under the green deal. Ed Davey said: "The green deal will provide unprecedented choice for consumers wanting to improve their homes and make them more energy efficient. This cash back offer will help get the green deal off to a flying start. It really is a great offer the more work households have done, the more energy they stand to save and the more cash they receive."

The rates initially offered will only be available to the first thousands of households to give their homes an energy makeover, and will be reviewed once 40m is spent, which could be as quickly as "two or three months if it goes well.

Rates include 650 cashback for fitting solid wall insulation, 150 for floor insulation and 50 for draught-proofing, and if enough works are undertaken, the cashback could add up to more than 1,000. However, the Decc spokesman said it was expected the average household would get around 350, meaning the rates could be cut after 114,285 households have undergone works.

The cashback will be capped at 50% of a householder's contribution, with the money paid by the company that undertakes the retrofitting. The loan is tied to the property, rather than the individual.

Speaking to The Guardian, Audrey Gallacher, director of energy at Consumer Focus, said: "It's very welcome to see the government providing cash incentives to those who take up the green deal scheme early. It's also welcome that people don't have to take out green deal finance to qualify. But the government needs to provide incentives to all customers, not just early-adopters, to ensure wide-spread take-up in the long-term. This could mean moves such as council tax breaks or similar benefits for taking up energy efficiency measures."

For more information vist: www.decc.gov.uk

 

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