On the 8th July, Chancellor of the Exchequer, Rishi Sunak, announced the Green Home Grants Scheme in his Summer Statement. The scheme will involve the government issuing UK homeowners with up to £5,000 worth of vouchers to help make their homes more energy-efficient.
The scheme is part of a £3 billion green jobs package and aims to create 100,000 green jobs in the hope of recovering the economy following months of lockdown. The Treasury aims for approximately 650,000 homes to receive an upgrade. This can create utility savings of up to £300 a year for families, bringing the UK closer to its 2050 target of achieving net-zero carbon emissions.
Landlords and homeowners can apply for the vouchers from September, covering up to 66 per cent of the cost per household. This will help fund energy-saving upgrades such as insulation or double glazing. What’s more, low-income families may benefit from up to £10,000 of government vouchers to support improvement works.
Which energy-saving home improvements will be covered by the grant?
There is yet to be a published list of what the Green Homes Grant will cover, but here are some confirmed home improvements.
● Wall insulation
● Roof insulation
● Double glazing on windows and doors
What can people do to save even more money?
● Choose a green energy provider
● Invest in solar panels
● Swap to wind power
● Install ground source heat pumps
● Switch to solar water heating
Not only can the Green Home Grants Scheme help save you money in your home, but they can also add to the value of your property should you decide to sell. If you are looking to sell your home in the Heatons, there is no better estate agent than Joules. To learn more about our property services, get in touch.