Cashback for Wall Insulation to return in November
Cashback for Wall Insulation to return in November Oct 12, 2014
The Government’s Green Deal Home Improvement Fund, which offers cashback to homeowners that invest in energy saving upgrades, is set to reopen in November!
Hundreds of residents that get external solid wall insulation installed on their homes will be able to benefit from the grant.
Ed Davey, the Energy Secretary announced his plans to reopen the scheme at the Lib Dem Conference on the 7th October. He explained that the Government were planning on releasing a further £100 Million to support new installations across the country. He said:
"More money means more people can live in warmer, greener homes sooner. Green Deal Home Improvement Fund vouchers went like hot cakes earlier in the year and now even more people can cut their energy bills by making their homes more energy efficient."
Phase one of the scheme had a tremendous response and the £120 Million budget was fully allocated in just four weeks.
So far the new funding rates have not yet been confirmed, so at the moment we don’t know how much each household can claim. However, we do know that the scheme will reopen in late November and is likely to be very popular.
Andrew Herbert, Chief Executive of YES Energy Solutions hopes the new scheme will be properly monitored as to not disappoint future customers, he explained:
"We are delighted that the Government have decided to reopened the Green Deal Home Improvement Fund. Any incentive to encourage householders to invest in energy efficiency is always welcomed. However, we hope that the Government have listened to the industry and set responsible guidelines to ensure stability is maintained for the benefit of both customers and installers.
"The last thing the industry needs is another ‘get rich quick’ initiative that will just provoke panic selling and shoddy workmanship. We hope the next scheme will help everyone manage customer expectations properly with an air of transparency."
If you’re interested in getting external solid wall insulation installed on your home and would like to apply for cashback through the fund when it is reintroduced, then contact us today to make an expression of interest.
As soon as we know the rates, we will get back in touch to discuss the funding options available. We can then book you in for a free no obligation survey and quote.