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Green Deal Information

Wednesday, December 10, 2014

The Green Deal Home Improvement Fund (HIF) is a massive cash giveaway from the Govt to encourage home energy efficiency measures. Last time £120 million went in just six weeks. So in Nov we warned you to be ready this time. 

Today (Wed) at 9am the HIF is back and while £100 million is available, it'll be released in tranches - the first £30m today. Yet as it closed with virtually no notice last time, many have been waiting until now, so unless the site crashes (quite possible) it'll be lucky to last a day. Therefore our big message is...

So here's how it works and what to do whether you're ready or not... 
£5,600 sounds nice. What's it for? Here's what's included:

- Offer 1: Install two or more of 11 measures & get up to £1,000. Includes cavity wall insulation, boiler upgrades, double-glazing, waste water heat recovery & more. See full Home Improvement Fund List. 

- Offer 2: Up to £4,000 for solid wall insulation (it was £6,000 last time). Over 6m people have solid walls (ie, no gap in the brickwork like cavity walls). Insulation here is costly, but could reduce energy bills by £460/yr, so the HIF offers up to 2/3 of your costs. MSE Wendy did this last time: "I'm getting 50m2 of solid wall worth £7,100, but only need to shell out £1,750." 

- 'Add-on' offer: £500 bonus if you've moved home in past year. Make any of the improvements above and you get an extra £500 if you've moved. 

- 'Add-on' offer: £100 of Green Deal assessment costs back. Make any of the improvements above and get £100 back - these assessments normally cost £100-£150 so this should cover most of the cost. 

It's worth noting that of the £30m, £6m is for offer 1 and £24m is for offer 2, so they may not close at the same time.
xxxHow to apply. Only those who are ready can apply, as to do it you need to have:

a) Had a Green Deal assessment - any in the last 2yrs stand, assuming your home hasn't changed. Or an Energy Performance Certificate.
b) Agreed a plan for the work to be done.
c) A Green Deal-registered builder's quote (this wasn't needed last time). 

Apply via the Home Improvement website from 9am (it may crash today).

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