Green Deal Scheme Extended To Help Home Owners

The Green Deal scheme was roundly criticised during its first full year in operation. Poor organisation from funding groups and the Government were blamed for uptake numbers being significantly shorter than what they were anticipated to be. However, energy consumption-conscious groups will be hoping that this will be rectified this year as the cash incentives and finance options for home owners have grown considerably.

The Green Deal cashback available for solid wall insulation has rocketed from £650 to £4,000, whilst the financial incentives for loft extensions have grown nearly 500% from £220 to £1,000. The Department of Energy and Climate Change are hoping that these increased incentives will make the Green Deal more attractive for even more Britons who can benefit from making energy efficient installations.

People who applied for the Green Deal on or after 13 December 2013 will be eligible for the new rates. Further changes to the scheme will see a higher percentage of home owners become eligible for the maximum cash back level.

At the beginning of the Green Deal, there were seven million homes in Britain who could benefit from solid wall insulation and only 2% of these have been completed. This means that tens of millions of Britons could benefit from this money-saving energy efficiency scheme. The Green Deal was delivered by the Government as part of their commitment to promoting energy efficiency via Energy Performance Certificates.

Climate Change Minister Greg Barker explained why the changes have been made: “Inefficient homes use a lot more energy than they need to, which consumers pay a high price for. The extension and increase to Green Deal cash-back means more families will be helped to have warmer, more energy efficient homes and lower energy bills by next winter. These changes also create more opportunities for the growing number of authorised Green Deal companies.”

Paul King, chief executive of the UK Green Building Council, echoed these sentiments.

“Most significantly perhaps is the increase in the amount of cashback available for solid wall insulation as this may help to make the Green Deal more attractive for those in harder to treat homes and could help to offset the significantly reduced support for these measures under changes to ECO.”

With the ECO scheme also partnering closer with the Green Deal, the Government and the Department of Energy and Climate Change seem to be concentrating on targeting their energy efficient strategies as a much wider audience in 2014. It has recently emerged that the UK had fallen behind the rest of Europe in Energy Efficiency Programmes.

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