Thursday, 21 January 2021
Energy Efficiency Home Improvement Grants for Tenanted Properties
HM Government have recently announced a fund of £2billon to be made available for Energy Efficiency Home Improvements.
In summary, landlords & home owners can make an application for a grant of up to £5,000, which can be used as a payment toward upgraded insulation or the installation of low carbon heating. 66% of the total cost can be covered by the grant with the remainder payable by the owner.
The grant, launched by Rishi Sunak, Chancellor of the Exchequer, is available on a voucher basis. The grant will fund up to £10,000 per home for low income households with no contribution.
The scheme has ‘primary’ and ‘secondary’ measures and unfortunately gas boilers are excluded. Primary measures are: 6 types of insulation, air source heat pumps and solar water heating. Secondary measures are: double glazing, draught proofing, smart heating controls etc. Primary measures must be installed first in order to qualify for secondary.
We have been in discussions with a national company who will handle the process of applying for the grant & completion of authorised works. On instruction, Eco Energi Services will evaluate your rental property from the EPC, compile a report of any improvements that may be part funded from the grant, make the application on your behalf and then arrange for the works to be completed using TrustMark approved contractors.
Central Government are presently working on Legislation that will require rental properties to be minimum EPC Rating C from April 2025 (all new & renewed tenancies from 2025, existing tenancies from 2027). In addition, any landlords seeking exemption from the legislation for their properties, will need to show evidence of a minimum spend of £10,000 in energy efficiency improvements.
Therefore, we advise all landlords to consider applying for Green Deal Finance now.
If this is something you would like to investigate further, then please contact our office on 01604 823445 or email email@example.com and we will put you in direct contact with Eco Energi Services who can provide more information