What does the Green Homes Grant offer?
So, why apply for the Green Homes Grant? Will it really offer me that much help? Though these are valid questions, the answers are overwhelmingly positive.
The Green Homes Grant is a voucher scheme offering homeowners financial assistance towards the cost of labour, materials, and VAT needed for environmentally-friendly home improvements.
It covers two-thirds of the cost of eligible improvements. So, say your entire double glazing installation costs £1,200, you’ll only have to pay £400. The UK government will foot the rest of the bill!
This being said, this is only up to a maximum government contribution of £5,000. If two-thirds of your total bill is greater than this, you’ll have to pay the difference. So, for example, if your energy efficient home improvement ends up costing £9,000 in total, the government will not pay £6,000 (the whole two-thirds of this amount). As their contribution is capped at £5000, you’ll have to pay the remaining £1,000 plus the £3,000 you would have paid anyway.
Some people are exempt from this rule, such as those receiving certain benefits. If this is you, you might be able to get a voucher covering 100% of your costs (up to the maximum value of £10,000). It might be worth checking your eligibility just in case.