On Wednesday, Chancellor Rishi Sunak announced a £3billion green package, which would include a green home grant scheme, allowing homeowners to receive a £5,000 energy voucher. The new initiative is one of many the Government announced the other day to help the UK economy recover after the coronavirus crisis.
What is the Green Homes Grant scheme?
The Green Homes Grant scheme will allocate funding to households in the form of vouchers. These vouchers will be worth up to £5,000 per household and will be provided by the Government, in order to reduce energy usage in homes.
The Government have stated that they will pay at least two-thirds of the cost of home improvements up to £5,000 for energy-saving measures included under the scheme, such as double glazing windows, low-energy lighting or renewable heat pumps, whilst the final third of the payment is to be the homeowners responsibility. However, the Government hasn’t yet given a complete list, so other improvements may also be covered. We’ll update this story when we have the full info.
The Chancellor confirmed on Wednesday: “From September, homeowners and landlords will be able to apply for vouchers to make their homes more energy efficient and create local jobs.”
The poorest households in the UK could receive up to £10,000 from the scheme towards costs of implementing greener home improvements and would not have to pay anything at all, as the Government are hoping these implements would save homeowners up to £600 a year on their energy bills. *
What Does It Mean For You?
The government stated that around half of the fund is due to be spent in one financial year, which will go to the poorest homeowners, who will not have to contribute anything to the cost.
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For example, if you are a homeowner of a semi-detached house, you could enquiry for the voucher to install a renewable heat pump, if it is more than £7,500, it would mean the government would contribute £5,000. while the homeowner would pay the rest of the fee.
How Do I Apply For a Green Homes Grant?
Applications for the Green Homes Grant Scheme will open in September 2020.
We’ll update with more details of the application process once they’re available.
Take Your First Steps To A Greener Future
At Hero Renewables, we are an award winning, national Renewable Energy Company, with nearly a decade of experience empowering self-builders, homeowners and businesses, that places them at the heart of the UK’s transition to a green economy.
At our head office in Middlewich, Cheshire we offer a variety of working display models of microgeneration technologies within our showroom. Our products on display range from Ground and Air Source Heat Pumps, Solar Thermal and Biomass Boilers allowing you to generate heat for your property to Solar PV and Battery storage, enabling you to collect and harvest electricity from the sun.
Whether you have previously considered renewable energy and are looking to get a personal experience, or even if you have never considered it, and are simply curious about learning more, there is something for everyone at our showroom.
If you’re interested in going green this year then give our team a call on 0808 222 0 111 for your feasibility study with zero obligation or visit us at our showroom for a first-hand experience to witness the benefits for your home or business.