The Green Deal Cashback Scheme is open for applications and "energy saving has never been so attractive" according to Energy & Climate Change Secretary Edward Davey.
Hundreds of pounds of cash is now available to householders in England and Wales who use the Green Deal to make energy saving home improvements, such as loft insulation, solid wall insulation and new heating systems. The more work they carry out, the more cash they could receive.
To qualify for the Cashback Scheme, households need to book a Green Deal property assessment so they are ready to have improvements installed under the Green Deal from 28 January, and cashback packages could be worth over £1,000.
Davey said: “The Green Deal will be a great offer for people to insulate their homes from the cold, and their wallets from rising energy prices. With cashback too, energy saving has never been so attractive.
“Our Cashback Scheme is a generous offer but it’s first-come, first-served so householders need to be quick off the mark. Get an assessment, be ready to have home improvements done with a Green Deal when it launches on 28 January and then get your cashback.
“This also sends a clear message to the industry that the Green Deal is coming. Green Deal Providers and businesses in the supply chain need to start gearing up to take full advantage of what promises to be an exciting new market.”
Neil Schofield, head of external & governmental affairs at Worcester Bosch, said: “The opening of the Green Deal Cashback Scheme really underlines the progress being made on the Green Deal ahead of the first plans being signed on 28 January. This is a great offer for consumers and will help us to attract early customers, so it’s good news for business too.
“This is a clear signal that the Green Deal is building momentum and I’m delighted there is such a strong incentives scheme in place to encourage early take up. We’re excited about how this could open up the energy efficiency market.”
The Green Deal Cashback scheme is a time-bound offer and is limited to one per household, but can cover a package of improvements so long as the householder is contributing to installation costs and work done is overseen by an authorised Green Deal Provider.
A total of £125 million is available so hundreds of thousands of people could qualify. The rates currently available are guaranteed for the first £40 million of the scheme. Community minded households will have the option of donating some or all of their cashback to registered charities and Community Interest Companies who have signed up with the scheme administrator.
The Cashback Scheme also applies to private or social landlords who can benefit if they are the property improver and are paying the costs themselves.