Close

Please enter your Log-in details below:



Subscribe

Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.


Green Deal updates


green-deal-header2

Changes to the government’s Green Deal cashback scheme have been announced to help more households drive down fuel bills and reduce carbon emissions. The scheme helps people install energy efficiency measures by providing them with money back on the contributions they make towards these improvements.

The Department for Energy and Climate Change (DECC) is extending the scheme, and applications for the Green Deal cashback scheme can now be submitted up to the 30th June 2014, an extension from the original 31st March deadline. Households   have a further three months to install the energy efficient measures and redeem cash back vouchers, giving them more time to take advantage of the scheme. All work must be completed by 30th September 2014.

green deal

The changes also include increases to the amount of money consumers get back on some Green Deal measures such as double glazing, solid wall insulation and ‘room in roof’ insulation (for loft conversions). Examples of how these rates have changed – the cashback available for solid wall insulation has changed from £650 to £4,000 and double glazing from £320 to £650. These new rates apply to all applications made or redeemed on or after 13 December 2013. We are told the cashback administrator will be contacting any people affected by this. Any existing customers who feels that they are eligible should check the Cashback Quickguide to see if they would be likely to receive an uplift.

The DECC has also raised the cap on cashback payments from half the household’s contribution towards costs, to two thirds, allowing more households to qualify for the maximum cashback rates for each measure.

green deal 2

For customers who do not take out the Green Deal plan alongside their energy efficiency improvements, the requirements for Guarantees and Insurance Backing have been removed except for cavity and solid wall insulation measures.

Customers will not be able to claim cash back for packages of measures that include a contribution from Green Deal communities schemes, and from April 1st customers will not be able to claim cashback for packages of improvements that include an Energy Companies Contribution (ECO).

Please remember landlords are only eligible for this scheme if they pay for the installation upfront. For further information regarding the Green Deal click here.