The element of the Green Deal that sold out in seven weeks is to make a return.
Home owners will get a second chance to take advantage of the Green Deal Home Improvement Scheme.
The Government will offer an extra £100m in subsidies for those who want to insulate their property or make other improvements that will improve energy efficiency and reduce their bills, the energy secretary has announced.
The Home Improvement Scheme was an additional element of the wider Green Deal programme. which has proved far more popular than the parent scheme.
Ed Davey made the announcement at the Liberal conference in Glasgow, although it is unclear if the same level of cash back benefits as before will be on offer.
He also outlined the party's intention to encourage smaller firms to take 30c of the energy market by 2020 in order to break up the dominance of the Big Six companies. The previous mentioned policy of a £100-a-year Government-funded council tax discount over the next 10 years for those who improve the energy efficiency of their homes will also be confirmed.
What is Green Deal?
The Green Deal, launched at the start of 2013, was billed by ministers as heralding a 'revolution' in upgrading Britain's old and draughty housing stock.
The scheme aimed to encourage millions of households to take out loans to fund the cost of work such as installing insulation or new boilers, with the loans paid back in instalments on their energy bills over 10 to 25 years.
It was marketed around the idea that the household would end up better off, because the repayments would be lower than savings the household enjoyed from being more energy efficient.
Green Deal Home Improvement Fund
Households were then able to claim up to £1,000 to install two energy saving improvements, with an additional £100 towards the assessment cost and an extra £500 for people who have bought their home in the past year. This could cover the entire cost of some measures, such as £500 for cavity wall insulation and £1,000 for two energy-efficient doors.
There was also up to £6,000 on offer for households that install solid-wall insulation.
The measures being installed also needed to have been recommended in a Green Deal assessment or on your Energy Performance Certificate (EPC) within the past two year.
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