Applications for this next phase of GDHIF open at MIDDAY on Monday 16 March.
More than 25,000 households have already received a voucher for The Green Deal Home Improvement Fund since it launched in June 2014. For the third release of funding, money has been increased for the two measures offer. Domestic energy customers will be able to receive:
• up to £3750 for installing solid wall insulation;
• and/or up to £1250 for installing two measures from an approved list;
• up to £100 refunded for their Green Deal Assessment;
• up to £500 more if applying within 12 months of buying a new home.
The £70 million for the third release will be available for applications for solid wall insulation and/or the two measures offer until all the funding is allocated.
Martin Lewis, founder and editor of MoneySavingExpert.com, says:
There’s nothing that generates action better than free cash – which is what effectively the Home Improvement Fund is. So yet again demand is likely to be huge – the first time it was done £120m went in six weeks, then £24m went within 48 hours, so this time I suspect £70m to last not much longer than a week.
I’d suggest anyone who has already had a Green Deal assessment to be ready to pounce to make sure they aren’t left out in the cold.
To complete the two-stage application process, householders will need:
• A Green Deal Advice Report (GDAR) or Energy Performance Certificate (EPC) that is less than two years old;
• A quote from a GDHIF registered installer or provider for work specified on the GDAR or EPC and included on the list of GDHIF approved measures; and
• Proof of property ownership (for landlords/undertakings only) Householders are encouraged to get more than one quote, particularly when they are having expensive work done, to make sure they are getting the best deal available.
Householders will be able to receive £1250 GDHIF funding for any two of the following energy savings improvements:
• Cavity wall insulation
• Condensing mains gas boiler
• Secondary glazing
• Double/triple glazing (replacing single glazing)
• Flat roof insulation
• Replacement warm air unit
• Fan-assisted storage heaters
• Energy efficient replacement doors
• Floor insulation
• Room-in-roof insulation
• Waste water heat recovery
For solid wall insulation 67% of the costs of installation up to a maximum of £3,750 can be claimed back by the customer. For the ‘two measures’ option 100% of the costs of installation to a maximum of £1,250 may be claimed back. Customers who have purchased the property to be improved within the last 12 months may be eligible for an additional £500 home buyer’s bonus. The home buyer’s bonus and rebate towards the cost of a Green Deal Advice Report is subject to a successful voucher application, the installation of the eligible measures through the Green Deal Home Improvement Fund, and compliance with the scheme terms and conditions.
Green Deal authorised installers and providers only may register to deliver the scheme. This is to maintain the Green Deal’s high standards of consumer protection.
Funds are limited and DECC may vary the terms of the scheme (including the incentive rates) or suspend or close the scheme, with immediate effect, without notice and at any time.