Ministers have today confirmed the Green Deal will benefit from a cashback scheme to boost take-up.
Householders who are quick off the mark could be eligible for as much as £1000 cashback, if they opt for a full home retrofit using the Green Deal, the Government confirmed today. A total of £125 million is being made available and will operate on a first-come-first-served basis. The money is part of £200 million announced last November by the Treasury to encourage householders to sign up to the energy efficiency scheme. Today’s announcement is the first time details about the bonus scheme have been unveiled and was welcomed by companies looking to offer Green Deal products and services. Although the Green Deal launched on October 1, no big brands have yet signed up to become providers of the scheme and many Green Deal contractors have been waiting for the Government to get behind the national insulation programme with measures that will encourage take-up of the scheme.
"This cashback offer will help get the Green Deal off to a flying start. It really is a great offer – the more work households have done, the more energy they stand to save and the more cash they receive," Energy Secretary Ed Davey said as he unveiled details of the incentive scheme.