The new Green Deal- so unappetising the Government will pay you to join in
The Government have now officially launched their new Green Deal programme, and, after having read our previous article on the general meh-ness of it all, have decided to add a “first few customer” incentive to try and entice people into taking up the energy savingness on offer.
Government cashback will be offered to the first few thousand customers who take up the Deal, but the availability of cashback will be “reviewed” once £40 million has been spent. That could be in just "two or three months if it goes well," according to a DECC spokesman. However, there is up to £125million available for cashbacking purposes, so it is likely the sweetener will remain, although possibly at lower rates than those initially offered.
The rates of cashback vary according to the type of energy-saving measure being implemented, but to make sure people are not “over-rewarded” under the scheme, “the amount of cash back that can be received will be capped at 50 per cent of the applicant’s installation costs – so householders will have to contribute at least twice what they can receive in cash back.” Of course, the ‘contribution’ can take the form of a loan attaching to the property rather than an actual cash outlay.
The cashback in available from 28th January 2013, which is the same date that Green Deal improvement loans/works can begin, and is available to anyone who makes qualifying improvements (although there will be limitations on greedy landlords who own a number of properties). Each household is limited to one cashback claim, but the more energy-friendly work you have done, the more cash back you could receive- even over £1,000. In order to make the scheme look like a raging success, DECC are very keen to emphasise that the Green Deal Cashback Scheme is a first-come, first-served offer.
Energy Secretary Edward Davey said:
“The Green Deal will provide unprecedented choice for consumers wanting to improve their homes and make them more energy efficient. This cash back offer will help get the Green Deal off to a flying start. It really is a great offer – the more work households have done, the more energy they stand to save and the more cash they receive.”
There is a strict process to follow though- you have to physically claim your cashback which may be separate from engaging your Green Deal contractor- and there is a time limit of three months for the work to be done (six months for solid wall insulation) and before 31 March 2014.
To get your hands on Green Cashback, you must:
have a Green Deal assessment carried out on the property
get and agree quotes from a Green Deal Provider (this could be directly with a national brand or through a local tradesperson linked with a Provider)
apply for Cashback voucher online or by phone. To make things easier some Providers will be able to apply on behalf of their customers
receive voucher confirming the Cashback
complete works within specified period
redeem voucher, along with evidence of works completed, for Cashback.
Customers wanting to find out more about the Green Deal can call the Energy Saving Advice Service on 0300 123 1234 or look at this handy information sheet with all the details.