NEWS


The path to green finance


The Government’s Green Homes Grant offers homeowners up to £10,000 for energy-saving home improvements. Jack Wooler explains how you can take up the opportunity, and enhance your project’s sustainability


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ble to fund up to two-thirds of the cost of energy-saving measures in your home, the new £2bn Green Homes Grant scheme could be the extra push you need to go green, or financially support your ongoing efforts to bring sustainability into your project. Announced by Chancellor Rishi Sunak in July, the financial support will come in the form of vouchers covering the larger portion of green upgrades such as insulation or heat pumps. The maximum contribution for most is £5,000 – though


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households on low incomes will be eligible for up to 100 per cent funding at a maximum of £10,000 – all as part of a wider £3bn government plan to cut carbon emissions.


The appeal of this scheme is very clear. Regardless of the ecological benefits and cheap improvements you could bring to your home, the Treasury says that by using these vouchers, families could save an average of £200 on their energy costs over the course of a year.


WHAT DO I NEED TO INSTALL?


To be awarded the vouchers, you need to install one of what the Government calls ‘primary measures’ as a minimum. Once you’ve done this, the voucher can then also be used to help cover the cost of further ‘secondary measures.’ Incidentally, the amount you get towards the cost of the secondary cannot exceed the amount you get for the primary. Overleaf is a list of some of the home improvements eligible under the scheme.


nov/dec 2020


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