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Green Deal Fund Home Improvement Fund June 2014

From June 2014, the Cashback scheme will be replaced with a new incentive available to all householders, the Green Deal Home Improvement Fund (GDHIF).  Within this article, we provide you with an overview of GDHIF, the core offers available, and how you could benefit from this exciting new incentive. 

Put simply, GDHIF is a home improvement initiative which enables householders to improve the energy-efficiency of their homes. The scheme comprises 2 core offers, and 2 bonus offers – customers can claim cash back on one or both of the core offers, and, if eligible, they may also be able to claim cash back on one or both of the bonus offers. As a further incentive, applicants may be eligible to claim up to £7,600 as a bundled package. 
  
The first core offer is applicable to homeowners installing internal or external solid wall insulation, and allows the customer to claim up to 75% of the installation cost, with a maximum value of £6,000.  A contribution of 25% will be required for installations costing less than £8000, although customers will still be entitled to claim 75% of the total cost. 

The second core offer allows customers to apply for a range of energy saving improvements, including (but not limited to) cavity wall insulation, secondary glazing and floor insulation. Additionally, for a collective installation cost of below £1000, customers can claim 100% cash back. 

Two bonus offers are available, providing energy improvements are made under the GDHIF, including a £500 Home Buyers Bonus, for customers who have bought a home in the last 12 months, and a £100 GDAR bonus, which is payable towards the cost of a full Green Deal Assessment.

The scheme is open to householders living in England or Wales, including tenants and landlords, both private and social. (Tenants and landlords are, however, required to pay the majority (over 50%) of the installation costs.) 

To be eligible for funding, customers must ensure that the proposed energy-saving improvement/s are recommended on the EPC or GDAR, and they must apply for the funds prior to the commencement of the works. Furthermore, the customer must be in possession of an Energy Performance Certificate (EPC) or Green Deal Advice Report (GDAR), which has been completed in the last 2 years.  Finally, the customer will not be able to receive ECO, or other central Government funding, for the energy-saving improvements applied for under GDHIF.

If you think that you may be eligible for the scheme, have any questions, or require further information, we’re here to help. We can provide advice on the energy saving improvements that best suit your requirements, and we can guide you through the application process.