green homes grant
The Green Homes Grant was introduced in July 2020 by chancellor Rishi Sunak to help homeowners in England and Wales make their homes more energy-efficient. It is set to launch in September 2020. The announcement of the Green Homes Grant followed a fraught spring for the UK economy, which contracted by 25% amid the coronavirus pandemic. The Green Homes Grant was one of the major updates in the government’s Summer Statement — laying the foundations for a green recovery. Once launched, the government will pay two-thirds of energy-efficient home improvements up to £5,000.
Who Can Apply for the green home Vouchers?
Both homeowners and landlords will be eligible, according to the chancellor, but we await further details. Mr Sunak confirmed that up to 650,000 homes will be covered by the grant. Research in July by Moneysupermarket found that 51% of homeowners are planning to use the Green Homes Grant, while a further 26% are considering doing so.
However, people in Scotland are not eligible for the scheme. Raymond McGurk, chief executive of BRS Technology, a Scottish Internet of Things sensor company, says that the Green Homes Grant needs to include Scotland.
How will the Green Homes Grant Scheme work?
With the Green Homes Grant, home owners or private landlords will receive vouchers worth up to £5,000 to improve the energy efficiency of their property. The Government will pay at least two thirds of the cost of energy saving home improvements with home owners or landlords paying the rest. The poorest households could receive up to £10,000 from the Green Homes Grant Scheme, which may cover the cost of the renovations in full. If you would like to know more about the green homes grant please see the information below or contact us today.
The Grant Will Reduce your Energy Bills and Cut Carbon Emissions.
The Green Homes Grant scheme is a £2 billion package to help the UK bounce back from the covid-19 pandemic by saving money, cutting carbon, and creating jobs. A further £1 billion package for the public sector was announced by Mr Sunak. In total, this £3 billion initiative by the government will make 650,000 homes in England more energy efficient, help save households money on bills, lower the UK’s carbon emission by more than half a mega tonne per year — equivalent to taking 270,000 cars off the road — and support an estimated 140,00 green jobs. 'This is going to be a green recovery with concern for our environment at its heart,' Sunak says. Together with existing funding opportunities for green energy, a £5,000 voucher makes the switch to renewables more affordable than ever.
