posted by Gordon Glass on 13 April 2011
tags: green deal ,
Is grant support for home insulation soon to be replaced by loans? The government's latest proposals certainly imply this.
The Green Deal proposes to spread the cost of new home insulation across future energy bills associated with a property. It is hoped that this will remove any obvious barrier to getting the work done. A guiding principle is that insulation installed must save the householder more money than the extra charge on their bills.
However, we don't yet know how much loan interest repayments will add to the cost. Currently cavity wall and loft insulation cost under £100 each in some areas thanks to Council grants. The Energy Saving Trust estimates households can save £115 each year with cavity wall insulation. This represents a remarkable return on investment.
Get insulation installed in 2011 and you'll benefit from a grant. Beyond March 2012, when energy supplier grants are up for review, this is much less certain. So, for householders with savings, no intention of moving home and no desire to pay interest on a loan, today's best offers arguably represent the real green deal.
Taking advantage of grant offers is easy. You can compare insulation deals at cocoonyourhome.co.uk or on 0800 8048 777, or check with the Council.
Cocoon is an independent comparison service operated by United Sustainable Energy Agency, a not-for-profit organisation.
Related Articles 2011:
Minister announces Code to ensure Green Deal won't rip off consumers
Homeowners may reject 'Green Deal' due to high cost
CBI asks for clarity on how Green Deal will be financed and promoted
Cocoon is operated by United Sustainable Energy Agency - a not for profit company. Registered in England No. 3553525.