Green Homes Grant Scheme
The Green Homes Grant was announced in July 2020 by chancellor Rishi Sunak to help homeowners make their homes more energy efficient. It is set to launch in September 2020. Once launched, the government will pay two-thirds of energy-efficient home improvements up to £5,000.
The grants will be provided in the form of vouchers which can be used towards making energy-efficient improvements to homes.
To obtain a voucher, homeowners will have to make an online application detailing the energy efficiency measures they wish to carry out. These details will then be forwarded to accredited local suppliers. Once one of the suppliers has issued a quote, and the requested work has been approved, then the government will issue the voucher towards the work.
The chancellor revealed that both homeowners and landlords would be eligible in his statement, but we await further details.
Under the scheme, the government will pay at least two-thirds of the cost of home improvements that save energy, up to £5,000.
For example, if you were to have a new, more energy-efficient boiler installed for around £2,000, then the government would contribute around £1,333 and the homeowner would pay around £666.
The poorest households will be eligible to receive up to £10,000 towards these improvements. And these poorest homeowners will not have to contribute anything to the cost.
Our industry information is that the deal details are still being decided and glazing isn't high on the agenda in terms of what monies are available, but that it is likely that glazing in conjunction with another form of insulation may qualify.
Trying to get a clearer picture of what the grant covers at this stage is proving difficult and we are yet to see a full list of what products will and will not be eligible
What's been indicated so far:
The deal does not start until September, so no one can apply before then, and full qualification/eligibility details have not yet been released.
It is unlikely that existing works will be eligible as part of the process as an application for funding needs to be made before quotes are accepted.
Previous grant schemes have stated that works cannot be booked or approved before the funding is approved.
We do not know what elements of the grant are going to be means tested.
If a property has an Energy Performance Certificate (EPC) of Level C or above (roughly 40% of UK housing stock) then it is unlikely to qualify.
Glazing will not be included as a primary measure, which means that the majority of any grants available will be directed at insulation first, whether in walls or roofs. And, if there is any money left after that, then the grant only applies to homeowners looking to upgrade single glazing to double.
Until the government fully publishes the details, we do not have any more confirmed information than that officially announced.