Posted on 21st October, 2020
Green Home Grant – Applications Open
The Green Home Grant was announced in Chancellor Rishi Sunak’s summer statement back in July.
The Green Home Grant officially launched this month with the opening of applications for 600,000 homes for the £5,000 home improvement scheme.
The scheme is part of a £3 billion jobs package to boost the economy amid the current COVID-19 pandemic. The £2 billion grant will include home improvement works such as low-carbon heating, double glazing, installing insulation and replacing old boilers.
How does it work?
The government will pay two thirds of the cost of allowable improvements. The maximum voucher value is £5,000. Meaning, if the improvements cost £4500, the government will pay £3,000 whilst the homeowner pays £1,500.
However, low-income households are able to apply for a voucher for up to £10,000 which covers the entire cost.
Installation of insulation and low-carbon heating are counted as the two “primary measures”. The grant must be used to install one of these. It states, the grant must not be used to replace existing insulation or low-carbon heating. It can be used to add to them.
So long as one of these can be installed, the grant can be used on a range of “secondary measures”. There include replacing single glazing with double or triple glazing, draught proofing, external energy-efficient doors, heating controls and hot water tank thermostats and insulation. In addition, you cannot spend more of these than on the primary measures.
The scheme hopes to create more work and jobs in the trade industry. With the governments providing a list of accredited builders and tradespeople to choose from. The scheme hopes to support over 100,000 jobs in the green construction sector.
As well as creating jobs, this scheme will also count towards the legally binding target to cut greenhouse gas emissions to net zero by 2050. The Treasury also claim that better insulation could save households as much as £600 a year on energy bills.
Up to £1 billion of this grant will go towards public buildings, such as hospitals and schools, to make them more environmentally friendly. Read more here.
With this, new build homes have many benefits including a smaller carbon footprint. Wavensmere Homes can offer the following;
- Lower repair costs
- High specification and choice
- Lower maintenance costs
- Lower heating bills
- More environmentally friendly
- Ease of purchase
Your options with Wavensmere Homes
Depending on your location, we have a variety of homes available to suit your needs. From apartments, to two, three and four bedroom homes.
Crocketts Lane, Smethwick – prices from £135,000
The Forge, Digbeth – prices from £216,000
Nightingale Quarter, Derby – prices from £182,500
Ghyll House Farm, West Sussex – prices from £1.45m
Get in touch today for more information.