green home grants

Over 50% Of Homeowners Want to Apply for the Green Homes Grant

Latest research suggests that more than half of homeowners in the UK are planning to apply for the Green Homes Grant, the government’s latest scheme.

Chancellor Rishi Sunak announced the grant in July’s budget as a part of the government’s plans to get the economy moving again. The grant will allow homeowners and landlords to apply for vouchers from a £2 billion scheme to make their homes more energy-efficient and create local jobs.

MoneySuperMarket surveyed 2,000 people about the Green Homes Grant which revealed that;

  • 51% of homeowners are planning to apply for the scheme and,
  • 26% of homeowners are seriously considering applying for the scheme

The grant will cover at least two-thirds of the cost for energy efficient measures such as insulation and glazing up to £5k. For low income households, the vouchers will cover the full cost up to £10k.

The scheme opens in September and we are awaiting further clarity from the government on what type of energy efficient measures are covered under the scheme and also their definition of ‘accredited suppliers’ to ensure consumers are protected.

The Green Homes Grant scheme is just one part of a wider “green” recovery plan proposed by the Government including £1bn towards making public buildings more energy efficient.

Ciarán Harkin, Managing Director of QASSS, who manages the schemes, comments:

“It’s great to see the government putting a focus on energy efficient homes and putting money into the industry to help homeowners and installers at this difficult time. However, more detail on the scheme is urgently needed.”

House photo created by creativeart – www.freepik.com