Chancellor Rishi Sunak is due to set out a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions.
Insulation gives a triple benefit. It saves on bills, cuts carbon emissions from heating, and – crucially, as the UK’s economy creaks, these grants could help to support more than 100,000 jobs and bolster the economy which is currently reeling from the effects of the corona virus.
Under the Green Homes Grant, the government will pay at least two-thirds of the cost of home improvements that save energy.
“What [the scheme] ultimately means is lower bills for households, hundreds of pounds off energy bills every year, it’s supporting jobs and is very good news for the environment.” Mr Sunak
How much could I get?
A homeowner of a semi-detached or end-of-terrace house could install cavity wall and floor insulation for about £4,000 – the homeowner would pay £1,320 while the government would contribute £2,680.
Low income households could receive up to £10,000 (potentially including double glazing).
How do I apply?
The scheme will launch in September, with online applications for recommended energy efficiency measures, along with details of accredited local suppliers. Once one of these suppliers has provided a quote and the work is approved, the voucher is issued.
How much could I save on my household energy bills?
The government said about half of the fund – which is due to be spent in one financial year – will go to the poorest homeowners, who will not have to contribute anything to the cost. Better insulation could save some people £600 a year on energy bills, the Treasury said.
To see if you qualify for grants available now for insulation and heating upgrades, get in touch today:
0800 292 2554