MoneySavingExpert.com has issued an urgent update for homeowners in England planning on taking advantage of the government’s Green Homes Grant.
More information about the scheme has now been revealed, thanks to financial experts at MoneySavingExpert, including exactly what you can and can’t spend the £5,000 voucher on and who will be eligible, as of August 4, 2020.
At the start of July, Chancellor Rishi Sunak unveiled the plans for the Green Homes Grant Scheme, which would cover up to £5,000 of green renovations to homes in England, in a bid to “build back greener” following the coronavirus crisis.
However, finer details have been unearthed by researchers at MoneySavingExpert that may change the way you look at spending the £5,000 voucher – and whether you’re eligible for it.
So, what will the vouchers cover and who will get them?
MoneySavingExpert has revealed that if you are to qualify for a voucher, you must be installing a ‘primary’ improvement .
A primary improvement includes: Insulating either the roof, walls, under floor or loft of your home or Low carbon heating , which includes solar thermal systems or ground or air source heat pumps.
If you already have the primary improvements, you can still apply for vouchers to cover ‘top-ups’ on the primary improvements.
Only if you use the vouchers on the primary improvements will you then be eligible to use the voucher on a secondary improvement.
Secondary improvements include, Draught proofing, Double or triple glazing, or secondary glazing , but it won’t cover replacement double glazing, Energy efficient doors , replacing any fitted before 2002, and Heating controls and insulation, including appliance and hot water tank thermostats, hot water tank insulation, smart heating and zone controls, delayed start thermostat and thermostatic radiator valves.
For more information about this, visit the MoneySavingExpert website.
An example of how the scheme will work was explained by the team at MoneySavingExpert, who said: “Crucially, you can only receive funding for these secondary improvements up to the amount of funding you’re receiving for the primary measures.
“So for example, if you’ve received £1,000 towards cavity wall and roof insulation, you can only receive a maximum of £1,000 towards any secondary measures, such as double glazing or thermostats.”
Further information also revealed low income homes with a need for more improvements will see the government grant cover all costs to make the home greener up to £10,000.