Energy Efficiency Gets a Financial Boost

British householders will be paid for making their homes more energy efficient.
Published: Fri 02 May 2014

Householders in England and Wales can look forward to thousands of pounds in payments for making their homes energy efficient.

In an attempt to improve the country’s energy efficiency level, the government is encouraging householders to install energy-saving measures such as insulation and new boilers. The new strategy, forming part of the government’s existing energy efficiency scheme, will commence in June.

Reviving the scheme

The Green Deal scheme, launched in January 2013, has not improved the UK’s energy efficiency level. Only 1,754 households have signed up to the scheme since it was launched. In an attempt to revive the scheme, ministers will introduce the “Green Deal Home Improvement Fund.

Those who install energy efficiency measures within one year of moving into their homes will receive £500. But, that’s not all. In addition, they can expect to receive £1,000 for fitting any combination of two measures from a list of twelve improvements-these include the installation of double glazing, cavity wall insulation, a new boiler, replacement doors and flat roof insulation.

Householders, who install costly solid wall insulation in older homes, are able to claim 75% of the cost, up to a maximum of £6,000, from the government.

Department of Energy and Climate Change Minister, Ed Davey, claims that the scheme is more generous, simple, and it will appeal to the public since research shows that they actually want new boilers, double glazing, and cavity wall insulation.

The public will also be happy to know that the cost of the upfront assessment of their home-to see what efficiency measures would be most appropriate-will be refunded after installations have been completed. Of the £100-150 paid, up to £100 will be paid back.

Taking control of energy consumption

John Alker, director of policy and communications at the UK Green Building Council, says of the scheme: “We welcome this package of measures which represents a genuine attempt to rescue the green deal and shows that government remains committed to home energy efficiency.”

Household energy bills have risen significantly in recent years, leaving the average bill at £1,264 a year for electricity and gas. Energy and Climate Change Secretary Ed Davey says the scheme is a way for households to "take control of their energy bills" by using less energy.

Energy efficiency is becoming an increasingly important issue around the world as total residential energy consumption continues to escalate, creating greater demands on power infrastructure and contributing to greenhouse gas emissions.