Home owners to see savings available under government new green homes grant
Updated: Apr 5, 2022
Your voucher covers up to two-thirds of the cost of your chosen improvements, with a maximum government contribution of £5,000.
If you, or someone in your household, receives certain benefits, your voucher may cover up to 100% of the cost of your chosen improvements. The maximum overall government contribution is £10,000.
As part of the Green Homes Grant scheme, eligible homeowners will be able to use the vouchers to help pay for environmentally friendly improvements such as loft, floor and wall insulation or double glazing to replace single glazing. Chancellor Rishi Sunak outlined the plans – which will see the Government put aside two billion pounds for green home upgrades – as part of his economic statement in July, and the Government released more details about the scheme in early August. Read more
Get an assessment
You must get your property assessed to use the Green Deal. Contact a Green Deal assessor or ask a Green Deal provider to find an assessor for you. You may have to pay for an assessment. The assessor must tell you the fee in advance. What to expect from an assessment A Green Deal assessor will visit your home, talk to you about your property and your energy use and help you decide if you could benefit from Green Deal improvements. When you book You may be asked if:
you own or rent the property
your home is a listed building, in a conservation area, built before 1900 or constructed in a non-traditional way
there are access issues, such as access to your loft
you can provide bills showing your recent energy use
When the assessor visits You may be asked:
how many people live in your home
what type of heating and appliances you use
how often you use your heating
what energy-saving measures are already installed
After the visit You’ll get a document, called a Green Deal advice report, that contains:
an Energy Performance Certificate (EPC) that rates your home for energy efficiency
an occupancy assessment that measures how much energy you and other occupiers are using
improvements your assessor recommends
an estimate of the money you could save on your annual energy bills
a statement on whether the improvements will pay for themselves through reduced energy costs
A Green Deal advice report is valid for 10 years, or until you make changes or energy saving improvements to the property, for example you build an extension or change the windows.
How much does solar cost?
Solar panels usually cost around £1,250-1,750 per kWp installed, depending on roof access costs, roof covering and pitch. A standard domestic 4kWp system will cost around £5,000 inc. VAT.
As 4k Wp typically saves around £400 per year on energy bills, the payback time is around 15 years. The panels will last 25 years or so (with one inverter replacement). The return over 25 years is usually in the order of 9% (IRR%). This is non-taxable, so compares very favourably to any other investment, especially one that depends only on the sun coming out.
The grid cost is 17p+ per unit for the typical homeowner, and rising... and rising… Including maintenance costs, the unsubsidised cost per kWh of solar energy is only 8p. Now that's something to shout about! Read more
An Asbestos survey undertaken prior to undertaking works could save you money and delay to your planned works if you are thinking of better insulating your home, installing double glazing, or installing solar panels, contact us today with no obligation 0800 774 7264 or email email@example.com