Tuesday, 15 July 2014

Households Clear Out New £7,600 Per Home Green Deal Cashback

Households have claimed £25m from the Government to install insulation and double glazing in the first month of a new cashback scheme. The Department of Energy & Climate Change (DECC) said 4,405 households in England and Wales have received vouchers to carry out home improvements under the second phase of the Green Deal. The first phase, a loan scheme, was criticised for being too complicated. Ed Davey, the Energy Secretary, said the initial figures exceeded expectations. “The early evidence suggests we have got it right,” he told The Telegraph.  Households can claim up to £7,600 each to install energy saving measures, with the most generous cashback rates on insulation for solid walls. The work has to be financed upfront and then money can be claimed back. There is a pot of £120m available to households this year on a “first come, first served” basis. Read more on the Daily Telegraph website.

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