Landlords you could be eligible to claim money back for energy efficiency improvements to your property under the Green Deal ‘Home improvement fund’. Over 20 million has already been issued so it is important that you act quickly to avoid disappointment.
As the Green Deal Home Improvement Fund has issued £25 million in vouchers in its first four weeks, we are encouraging Landlords to act now to make their homes more energy efficient and get money back for the improvements.
Although there is more money in the pot, 4405 households in England and Wales are already taking advantage of the new scheme. If you don’t act now the amount of money that you can claim back for improvements will go down.
Property owners and Landlords can claim up to £7,600 worth of investment back through the scheme, which has kick -started the Green Deal initiative into action. Tenants can also claim money invested into properties as long as the landlord agrees to changes to the property. The person paying for the majority of the improvements gets the money back.
You must have an Energy Performance Certificate (EPC) or Green Deal Assessment Report (GDAR) that is less than two years old to be eligible to claim.
Another £1,000 can be claimed back on installation of two other items on the gov.uk list. These include:
- Condensing gas boiler on mains gas
- Double or triple glazing as replacement for single glazing
- Secondary glazing
- Replacement doors
- Cavity wall insulation
- Floor insulation
- Flat-roof insulation
- Insulation for a room in the roof
- Replacement warm air unit
- Replacement storage heaters
- Flue gas heat recovery units
- Waste heat recovery system
Different rules apply for landlords. Read the terms and conditions for more details.
From 2018, properties with low EPC ratings – likely to be anything below E – will be banned from the rental market. Therefore we really would urge you to take advantage of this funding whilst it is available rather than foot the bill yourself or face a ban in a few years’ time.
You can find out how to apply here