Tuesday, 10 May 2011

£10,000 payout for a green home revamp

Households will be given up to £10,000 to spend on home improvements under plans to be unveiled today.

The money can be used to install energy-saving measures such as roof insulation, double glazing and cavity walls.

But homeowners will also be able to benefit from desirable mod- cons such as under-floor heating and new efficient boilers. They could also get public cash to install water-efficient taps and showers, light fittings and draught proofing.

The Government says 14million homes will benefit. Homeowners will qualify if their houses can be made more energy efficient and energy costs can be cut, though not all will qualify for the full £10,000.

This will leave them with cheaper bills, warmer homes and potentially higher house prices.
Consumers will have no up-front costs. The scheme will see utility companies, High Street retailers and charities send advisers to houses to identify potential savings.
They can then re-fit the homes, bearing the initial cost.

The customer will repay the fee in small instalments levied on their electricity and heating bills over 25 years.

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