Middle-income households could receive a £15,000 energy efficiency grant
You could get up to £15,000 from the government to help make your home more energy efficient
Middle-income earners could receive up to £15,000 from the government to make their homes more energy efficient and help cut bills, it has been reported.
Business secretary Grant Shapps is expected to make the announcement next week as households struggle with rising energy prices.
The news follows chancellor Jeremy Hunt’s announcement in the autumn Budget that the energy price guarantee will be extended, but will not be as generous. From April 2023, energy bills for the typical household are due to rise an estimated 20%, with the average typical bill costing around £3,000 instead of £2,500 under the current unit price cap.
The government grant is expected to help fund energy efficient moves such as loft insulation, cavity wall insulation and smart heating controls. The grant is said to be part of a series of measures designed to cut people’s energy use by 15% by 2030 as ministers prepare to reveal a £25m public information campaign next week to encourage people to use less energy.
If you’re looking at ways to lower your energy bills now, you may find our articles on whether it’s cheaper to run a fan hater or an oil heater, should you use a wood-burning stove or central heating and if it is worth investing in solar panels or heat pumps useful.
Who could get the insulation grant and when?
According to The Times, ministers are considering plans to make the grant available to people in council tax bands A to D.
The grant is expected to cover energy efficiency measures for over 70,000 homes, covering around 75% of the costs related to energy efficiency upgrades. The process will be administered by energy suppliers, report suggest.
The three-year scheme, known as 'eco-plus', is expected run from April 2023 - we will update you as soon as we have more information on how you can apply.
What could the grant cover?
The grant, according to wider media reports, could be used to pay for energy efficiency upgrades such as loft insulation, cavity wall insulation and installation of smart heating controls.