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How to Save Money and Energy with the Green Homes Grant
Posted in
12/08/2020

How to Save Money and Energy with the Green Homes Grant

Investing in energy-efficiency is a smart move for any homeowner. The problem? Finding the investment in the first place. While we all know it makes financial sense in the long run, it can be hard to put aside the funds for that initial installation.

That’s where the Green Homes Grant could help. Announced in July 2020, the scheme aims to make it more affordable for homeowners to make their homes more energy efficient. Read on to find out how it works, what it covers and how to apply.

What is the Green Homes Grant?

The Green Homes Grant was one of the initiatives announced by Chancellor Rishi Sunak in his Summer Statement. Available from September 2020, it aims to tackle two of the most relevant issues facing the UK – the environment and the slowing economy since the Coronavirus outbreak.

The Green Homes Grant will contribute to the cost of a number of energy-efficient home improvements. More specifically, the Government will provide two-thirds of the cost, up to a maximum of £5,000 – or £10,000 for the poorest homeowners. As of yet, it’s not clear how they will determine eligibility for the higher amount.

First and foremost, it will allow homeowners to cut their energy use, reducing their impact on the environment and shrinking their energy bills as a result. However, it will also give the economy a much-needed boost, with local approved installers having plenty of work to keep them going.

What does it cover?

After announcing the scheme in July, Sunak provided more details in an August update. We now know that the Green Homes Grant is available for both homeowners and landlords, and will cover the following work:

  • Air source heat pumps
  • Insulation – solid wall, cavity wall, roof or underfloor
  • Ground source heat pumps
  • Solar thermal
  • Double- or triple-glazing – only when replacing single glazing
  • Secondary glazing – only for single-glazed windows
  • Energy efficient door upgrades
  • Heating controls on hot water tanks

How to apply

Homeowners and landlords will be able to apply for the Green Homes Grant online from September 2020. Please note, the scheme is only available across England and Wales.

In the application, you’ll need to detail the improvements you want for your property. This will then be made available to local suppliers, who will be able to provide a quote for the work.

Crucially, the work will only be on offer to contractors approved by TrustMark, so you don’t have to worry about any disreputable companies working on your property.

Once approved, you’ll receive a voucher specifically for that work, covering at least two-thirds of the cost up to £5,000 or £10,000.

Make the most of the Green Homes Grant

Air source heat pumps are a great way to reap the rewards of the Green Homes Grant for years to come. Drawing upon the heat that’s naturally available in the air, they allow you to heat your home with minimal energy use.

As South Yorkshire’s renewable specialists, NBEC is best placed to help with your installation from September 2020. We have extensive experience not only installing high quality air source heat pumps, but also assisting with grant applications.

If you would like any help with your Green Homes Grant, contact our friendly team for assistance.

 

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