Earlier this month the Chancellor of the Exchequer Rishi Sunak announced a new Green Homes Grant during his mini-budget. It’s part of a project to make homes greener and each household could save as much as £300 each.
The idea behind this is to also open up work for thousands of tradesmen who have been heavily impacted by the Covid-19 crisis.
This latest scheme can equate to £5,000 per qualifying household, with those on low incomes getting up to £10,000 which will cover all their home improvement work. The type of work covered includes installing insulation, double glazing and replacing old boilers.
In the past, we’ve written about the benefits of insulating your loft. Up to 25% of your home’s heat could be escaping through your roof. Therefore you can reduce this by laying insulation yourself or having it done professionally (that’s what we do!).
Getting your loft insulated can save you money on energy bills and help to improve your family’s health. Plus it can even increase the value of your home by up to 14% as well as helping the environment! So we really do think it’s a no-brainer.
Okay, enough evangelising about loft insulation… I’m sure you’re probably wondering how you might benefit from this new grant. Let’s look at the details…
So how does it work?
Under the scheme, a typical homeowner who gets the £5,000 grant would pay £1,320 of the £4,000 bill while the Government would pay the rest – costing them £2,680.
It’s still unclear to us exactly what types of energy-saving work is covered but the government says there will be a website with all the details available from September 2020 – ready for the winter.
In researching the subject of free loft insulation we found a lot of info on a government-commissioned website called Simple Energy Advice. If you’re the type of person who prefers to pick up a telephone and talk to a human then they have a free helpline here: 0800 444 202.
If you’d like to know more (a lot more!!) about loft insulation then come on over to our ultimate loft insulation guide.
Can I get free loft insulation?
We’ve put together another blog post that goes into great detail about other schemes that are already available which help with energy-saving costs for your home. That includes ways that you can possibly get the work done for free.
Once we have a clearer picture of what the Green Homes Grants scheme includes we’ll update this post accordingly.