Is home energy efficiency something you’re starting to take seriously?
The chances are the answer is yes, because you’ll probably have noticed how your energy bill has increased significantly over the last few years.
In fact, in the last decade your duel fuel bill will have doubled and experts are expecting another sharp rise by the year 2020.
But the good news is there are plenty of improvements you can make to the home if you want to start saving money every month. And with the Government’s Green Deal scheme you won’t have to fork out a large upfront investment.
The scheme works by issuing loans up to £10,000 for improvements which include loft lagging, wall cavity insulation, double glazing and replacement boilers.
And now, the scheme has been altered to further reward homeowners and landlords who take advantage of the Government’s offerings. If you install two efficiency measures you’ll be eligible to receive up to £1,000 cashback.
This double upgrade scheme will work in exactly the same way as the original Green Deal and includes 12 different measures to choose from.
If you’re interested in receiving cashback, you’ll first need to have a Green Deal assessment. This is completed by a qualified assessor who’ll calculate your potential savings with certain efficiency upgrades.
You’ll then need to apply to the cashback administrator online before work is carried out and claim the money back after the job is complete.
Anna Isaac of the Green Deal Finance Company believes this incentive will be a much more attractive proposition to homeowners.
She said: “Putting together a group of measures means that you maximise your energy saving and installing more expensive measures allows you to spread the cost over several years.”
Although the Green Deal hasn’t set the country alight so far, it’s hoped the new incentive will spark interest across thousands of British homeowners. Even if you’re considering selling up in the near future it’s worth knowing that energy efficient properties sold 15% faster in 2013 than in 2010.
Facts & Figures You’ll Love To Share
- [tweetable alt=””]Green Deal loans are worth up to £10,000 to help improve the efficiency on your home.[/tweetable]
- [tweetable alt=””]Green Deal products include loft lagging, wall cavity insulation, double glazing and replacement boilers.[/tweetable]
- [tweetable alt=””]With the ‘new’ Green Deal clause you can earn £1,000 cashback by taking two efficiency measures on the scheme.[/tweetable]
- [tweetable alt=””]By upgrading your home you stand to save hundreds of pounds on a yearly basis.[/tweetable]