Green Deal Home Improvement Fund launched
The Government’s new addition to the national Green Deal energy efficiency scheme, the Green Deal Home Improvement Fund (GDHIF), was launched on Monday 9 June.
The £120 million initiative aims to spur interest in the Green Deal scheme, which has been performing below expectations since its launch last year, despite gaining some momentum over the last quarter.
Under the GDHIF, households installing energy efficiency improvements through the Green Deal will be eligible for cash payments of up to £7,600. These include:
- Up to £100 for an initial Green Deal assessment
- Up to £1,000 for fitting a combination of two energy efficiency measures, including new gas boilers, window glazing, replacement doors, insulation measures, storage heaters and heat recovery systems
- Up to £6,000 for solid wall insulation
- £500 for measures being installed in properties that have been purchased in the last year.
The fund will be allocated on a first come, first served basis, with the initiative set to be reviewed once payments pass the £50 million mark.
Energy and climate change minister, Greg Barker, said: “I want households across the country to benefit from more energy efficient homes and reduced bills through the Green Deal, and that is what the [GDHIF] will do.”
Mark Bayley, chief executive of the Green Deal Finance Company (GDFC), the non-profit organisation set up to provide Green Deal loans, added: “We believe the GDHIF will stimulate demand and that our providers will benefit from the increase in profile for the Green Deal that these incentives will bring.
“Our Green Deal providers are now extremely well placed to sell plans on the back of this incentives package.”
Supply chain guidance
The Department of Energy and Climate Change (DECC) has published GDHIF guidance for authorised Green Deal assessors, installers and providers, which can be downloaded here.
Installers and providers have to register for the GDHIF in order to offer the initiative to their customers.
Businesses interested in becoming authorised as a Green Deal installer can find more information here.
Posted under Energy Efficiency, Environmental Regulations and Legislation, Environmental Technologies and Renewable Energy, Construction, Energy and Renewables and Environmental Technologies on 10 June 2014