Hundreds of thousands of households are eligible for £ 5,000 vouchers under the government’s new home improvement scheme, new details have been revealed.
The £ 2 billion Green Homes Grant, which was unveiled last month in Chancellor Rishi Sunak’s mini budget, is designed to help households become more energy efficient.
The scheme allows homeowners and landlords to apply for a voucher that will finance at least two thirds of the cost of hiring traders to improve the energy performance of their homes.
More than 600,000 homes are now known to be eligible for the grant, which will support more than 100,000 green construction jobs and help families save up to £ 600 a year on their energy bills.
Thousands of households are eligible for £ 5,000 vouchers under the Green Homes Grant
The government has announced it will introduce the grant to reduce emissions and help households save money.
Heating buildings is responsible for nearly a fifth of the UK’s greenhouse gas emissions and reducing carbon dioxide from homes will be key to reaching zero by 2050.
What should households do?
The new vouchers are worth up to £ 5,000 for most homeowners, but low-income people can receive vouchers that cover 100 percent of the cost of improvements, up to a maximum of £ 10,000.
With the Green Homes Grants, homeowners, including owners and social / private landlords, receive vouchers to install one or more of the following:
– Solid wall, subfloor, cavity wall or roof insulation
– Air or ground source heat pump
– Solar heat
If households have used their vouchers for any of the above, they can also use their voucher for further energy-saving measures.
These include one or more of the following:
– Double or triple glazing / secondary glazing when replacing single glazing
– Upgrade to energy efficient doors
– Thermostats for hot water tank / device tank / heating controllers
Households can receive financing for only one of these secondary improvements up to the amount they receive for the primary measures.
For example, if they spent £ 2,000 on roof insulation, they can only get £ 2,000 for double glazing.
Applicants must also submit an online application for one of the recommended home improvements. This will likely be done through the government website, although this has not been confirmed.
Households are then offered a list of recognized TrustMark and MCS registered traders in their area to perform the work.
They will have to get a quote and approve it before they can get the voucher which will happen starts from late September.
Depending on your income, you will receive a £ 5,000 voucher or costs up to £ 10,000.
Depending on your income, you will receive a £ 5,000 voucher or costs up to £ 10,000
For most, they qualify for the £ 5,000 voucher, which covers up to two-thirds of the work.
For example, if a semi-detached or end-terrace homeowner installs cavity wall and floor insulation, which costs around £ 4,000, the homeowner would pay £ 1,320 – while the government pays £ 2,680.
Doing so can save the owner more than £ 200 on his bills annually and reduce his carbon footprint by cutting 700kg of CO2 from his home per year.
Homeowners across England will also have access to advice and support for improving the energy efficiency of their homes later this month through the Simple Energy Advice (SEA) service.
It will propose appropriate home improvements that homeowners may be able to apply for financing.
Mike Thornton, chief executive of the Energy Saving Trust, said, “The Green Homes Grant is a significant government investment in energy efficiency that will bring long-term benefits to households and the environment by reducing fuel costs and CO2 reduce emissions.
“It will help low-income households in particular to access much-needed funds to make their homes warmer. I would really encourage homeowners to apply for the scheme. ‘
TrustMark is the government-approved quality plan for the work a consumer chooses
What should traders do?
Traders are also encouraged to enroll in government-backed schemes prior to the launch of the government’s Green Homes Grant next month, after revealing that only enrollees can complete the work.
They must register for TrustMark or Microgeneration Certification Scheme (MCS) accreditation to participate in the scheme, which will include the list of green house improvements.
TrustMark is the government-approved quality system that covers the work that a consumer chooses to perform at home.
Households will be able to choose from licensed professionals in their area to carry out the work, but only licensed and accredited installers can be employed, ensuring high standards and consumer protection.
Alok Sharma, Minister of Affairs and Energy, said, “Improving green homes will save people money on their energy bills, help reduce CO2 emissions and create new jobs for many thousands of builders, plumbers and other craftsmen.
“Our TrustMark scheme guarantees that the construction work is carried out by qualified professionals at a high level, so that consumers are fully protected.”
The government’s broader green package, announced earlier this month by the Chancellor, also includes an additional £ 1 billion program to make public buildings, including schools and hospitals in the UK, more energy efficient.
An additional £ 50 million will test innovative approaches to widespread social housing adaptation.
Some of the links in this article may be affiliate links. If you click on it, we may earn a small commission. That helps us to fund This Is Money and keep it free. We do not write articles to promote products. We do not allow a commercial relationship to affect our editorial independence.