The Green Deal Home Improvement Fund (GDHIF) is a new incentive scheme open to all homeowners in England and Wales wanting to improve the energy efficiency of their homes. The GDHIF opened to customer applications in June 2014 with up to £120m available this financial year.
The scheme offers householders money back on the costs of installing eligible energy saving improvements in their homes:
You can claim 67% of the installation cost of internal or external solid wall insulation up to a maximum of £3,750 through the Green Deal Home Improvement Fund. This means that you will be required to make a contribution of at least 25% towards the cost of the installation depending on the cost. This contribution can be paid in cash or through Green Deal finance.
You can claim up to £1,000 for installing any two eligible energy saving improvements to your home from a list of eligible measures which includes Cavity wall insulation, Condensing mains gas boiler, Secondary glazing, Flat roof insulation, Fan-assisted storage heaters, Energy efficient replacement doors, Floor insulation, and Waste water heat recovery.
There is a Home Buyer Bonus for those who have bought a home in the 12 months prior to an application for the Green Deal Home Improvement Fund. If you have recently purchased a home, you could be eligible for an extra one-off bonus of up to £500.
In order to have any measure installed under the scheme, a Green Deal Advice Report will need to be carried out on the property. You can claim a refund of up to £100 for your eligible Green Deal Advice Report.
The installers at Southern Energy Solutions gained considerable experience in the installation of External Wall Insulation under the ECO Scheme. We are confident that we can provide the same level of service and superior finish to customers under GDHIF at an affordable price.
Any householder in England and Wales wanting to make eligible energy-saving improvements to their property can apply for this scheme. This includes owner-occupiers, tenants and landlords both private and social (where landlords and tenants split the installation costs, the person applying should be the person paying for the majority of the costs).
The GDHIF is designed to work alongside Green Deal Finance to help to meet the upfront costs of installing energy saving improvements. At Southern Energy Solutions, we can discuss the options with you and provide more information if you decide to chose this route. Contact us today.