Due to the coronavirus having a huge impact on our economy, Chancellor Rishi Sunak, announced a scheme to help homeowners make their properties more energy efficient to save money and help the environment. The Green Homes Grant was officially launched on October 1st, but what does that mean for you?
If you’re a homeowner, a residential landlord in private or social sector, or own your own park home on a residential site, you can apply for a Green Homes Grant voucher towards the cost of installing energy efficient improvements to your home. You cannot get the Green Homes Grant for newly built homes which have not been previously occupied.
These improvements can include insulation throughout the home, to reduce your energy use or installing low-carbon heating, to lower the amount of carbon dioxide your home produces. If you already have both of these measures, the vouchers can be spent on secondary measures such as draught proofing, double glazing, energy-efficient doors, heating controls and hot water tank thermostats.
Vouchers will cover two-thirds of the cost of eligible improvements, up to a maximum government contribution of £5,000. If you, or someone in your household, receive certain benefits you may be eligible for a voucher covering 100% of the cost of the improvements. The maximum value of the voucher is £10,000. The low-income grant does not apply to Landlords.
The voucher can be redeemed via the gov.uk website and you must receive at least one quote from a Green Homes Grant registered installer in order to apply for a voucher. The deadline for redeeming the voucher and ensuring improvements are completed is March 31, 2021.