Get up to £1600 cash back on a new boiler
Update: Due to “overwhelming public demand” the Department of Energy and Climate Change has closed the Green Deal Home Improvement Fund. With the allocated budget gone no further applications will be accepted – as of 25 July 2014.
With the launch of the Green Deal Home Improvement Fund next month, homeowners who install a new energy saving condensing boiler can benefit from up to £1,600 cashback – although you’ll also need to install one other energy saving measure from an approved list.
The Green Deal Home Improvement Fund (GDHIF) will be open to households (and not just homeowners) for 12 months in England and Wales. The Government wants to reward people who introduce measures to make their homes more energy efficient. The cash back will go some way towards helping households faced with huge heating bills and little or no insulation pay for these measures. Then of course there’s the added benefit of cheaper bills which will be achievable with a more energy efficient property.
The initial cashback scheme wasn’t particularly successful, and the money went unspent. Up to £1,000 is available if your household installs a new gas condensing boiler, along with one of any of the following:
- Cavity wall insulation
- Secondary double glazing
- Double glazing (replacing single glazing)
- Replacement doors
- Room-in-roof insulation
- Flat roof insulation
- Floor insulation
If you move, should you make these home improvements within 12 months of living in your new home, you’ll qualify for an additional £500. Up to £100 will also be refunded towards the cost of the obligatory Green Deal assessment. The survey, which assesses how efficient a property is and recommends the most suitable measures, normally costs between £100-150 and has to be paid upfront.
The Green Deal is the Government’s revolutionary energy efficiency scheme, launched in January 2013. The cash back is designed to encourage households to sign up for the scheme, interest in which has been pretty poor to date.
Energy secretary Ed Davey said the new packages of measures was much more generous than the previous money back offer.
“I think it’s much more generous. It’s also much simpler. We did a lot of research on what consumers would react to – to make their homes warmer and cheaper to run,” Davey told the Guardian.
“This list approach, ‘pick two from a list and get £1,000’, research showed people like that. And we’ve gone for things that people most want – they want a new boiler, double glazing, cavity wall insulation.”
This new and improved cash back scheme should give the boiler and heating industry another big boost. Just last week the Heating and Hotwater Council revealed that 2014 has been a good year for boiler sales so far, with an 18% increase on first quarter figures compared to the same period last year.
Read more about energy efficient boilers and the Green Deal.