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Green Deal: too popular, scaled back

RLA
Written by RLA

News has broken that the amount home owners can get out of the Green Deal has been scaled back. As of Friday 25th July, the amount of money landlords can claim overall will be reduced from £7,600 to £5,600. This is due to the popularity of the scheme overall…

News has broken that the amount home owners can get out of the Green Deal has been scaled back. As of Friday 25th July, the amount of money landlords can claim overall will be reduced from £7,600 to £5,600. This is due to the popularity of the scheme overall.

EDIT: As of Friday, 25th July 2014 the Green Deal Home Improvement Fund is closed and no longer accepting applications for rebate.

The most significant reduction is in the form of outer wall insulation. Landlords could claim up to £6,000 for installing solid wall insulation, but that figure has been brought down to £4,000. Flue gas heat recovery units will be removed entirely from approved measures that are eligible for cashback from 5th August.

The Green Deal home Improvement Fund recently reached the milestone of £50m in vouchers to home owners looking to improve their properties, which goes some way of explaining why the Department of Energy and Climate Change (DECC) have decided to scale back incentives. The RLA still recommends landlords to become involved with the scheme, but obviously, to expect to invest more individually!

For details, please see our previous post on the matter:

Further Information

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RLA

RLA

The Residential Landlords Association (RLA) represents the interests of landlords in the private rented sector (PRS) across England and Wales. With over 23,000 subscribing members, and an additional 16,000 registered guests who engage regularly with the association, we are the leading voice of private landlords. Combined, they manage almost half a million properties.

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