Grants + Loans available for Energy Upgrades

The Property Nomads Podcast

Rob discusses various grants and loans available for eco upgrades aimed at improving energy efficiency in homes. He highlights the Warm Homes Plan, which offers financial support for low-income homeowners and private tenants to enhance their properties' energy performance ratings, as well as the Boiler Upgrade Scheme that provides grants for replacing older boilers with greener alternatives. Additionally, the Great British Insulation Scheme (GBIS) is introduced, targeting homes with low energy performance ratings.

KEY TAKEAWAYS

• There are various grants and loans available for eco upgrades, including the Warm Homes Plan, which offers up to £15,000 for energy performance improvements for eligible homeowners and tenants.
• While homeowners and tenants can access funding without any financial contribution, landlords are required to pay 50% of the costs for upgrades beyond the first one covered by the scheme.
• This scheme provides grants of up to £7,500 for replacing older boilers with more modern heat pumps, although there is skepticism about the environmental benefits of heat pumps.
• Aimed at properties with low energy performance ratings (D or below), this scheme offers various home insulation options for eligible households in specific council tax bands.

BEST MOMENTS

"There has been another £3.4 billion earmarked as a result of the budget."

"Each eligible home can access £15,000 for energy performance improvements and potentially an additional £15,000 to install low carbon heating."

"If we're looking to really, really improve everything, then it should just be a blanket case."

"The boiler upgrade scheme provides grants worth up to £7,500 towards replacing older boilers with more modern and supposedly greener heat pumps."

"Anything in life, if it's overly difficult or unnecessarily complicated, then it puts a lot of people off."

VALUABLE RESOURCES

https://www.gov.uk/apply-great-british-insulation-scheme

https://www.msn.com/en-gb/money/other/thousands-of-uk-households-could-get-400-a-year-to-cut-energy-bills/ar-AA1tc1KZ?ocid=winp2fptaskbar&cvid=47ad2328aef04a09ba831f1fdf63fb0c&ei=18

https://www.msn.com/en-gb/money/other/free-heat-pumps-and-insulation-upgrades-worth-up-to-30k-each-as-budget-pledges-3-4bn-to-improve-homes/ar-AA1tdnlM?ocid=winp2fptaskbar&cvid=2c9dc3dddb5543caacae3dbfd89919f8&ei=10

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