debug

England and Wales receives £125m Green Deal cashback

Thursday February 14th, 2013

Hundreds of pounds of cash have been made available to residents in England and Wales who make energy-saving home improvements.

Householders who use the Green Deal to make modifications, such as lofts, solid wall insulation and new heating systems will qualify for packages up to £1,000. The rates currently available are guaranteed for the first £40m of the scheme.

The more work households have done the more cash they could receive, as funding is based on potential energy savings.

Underprivileged and harder- to- treat households will benefit from free and subsidized installation, from the Energy Company Obligation (ECO) early next year. ECO is a subsidy from energy suppliers towards the cost of improvements worth up to £1.3b.

Community minded households will have the option of donating some or all of their cashback to registered charities and Community Interest Companies who have signed up with the scheme administrator.

There will be additional caps on cashback payments made to landlords to ensure a fair distribution of the funds.

Energy and Climate Change Secretary Edward Davey said: “The Green Deal will be a great offer for people to insulate their homes from the cold, and their wallets from rising energy prices. Our Cashback Scheme is a generous offer but it’s first-come, first-served so householders need to be quick off the mark.”

 

Social Housing Procurement

Leave a Reply

debug