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Residential landlords in England can now apply for a Green Homes Grant voucher towards the cost of installing energy efficient improvements to their properties.
Vouchers must be redeemed and improvements completed by 31 March 2022.
The scheme will see the Government contribute up to £5,000 to cover two-thirds of the cost of eligible improvements, with the property owner contributing the remaining third.
Vouchers covering 100% of the cost of the improvements, up to a maximum value of £10,000, are available for those on certain benefits but landlords are not eligible.
To be eligible for a Green Homes Grant, landlords have to check that they will not exceed the de minimis state aid threshold of €200,000. Any proposed improvements must be made to properties that have a minimum Energy Performance Certificate (EPC) rating of E under the minimum energy efficiency standard and proof that you have met this standard or are exempt will be required.
Green Homes Grant vouchers can be used to cover the cost of labour, materials and VAT as well as any necessary additional works associated with the home improvement measures detailed below.
There are lots of ways to improve the energy efficiency and heating in your properties, so it’s a good ideas to seek advice on how best to do this from an expert such as a retrofit assessor. Information is also available from your property’s Energy Performance Certificate (EPC) or the Simple Energy Advice (SEA) website.
Home improvements
The available measures for the voucher scheme are split into ‘primary’ and ‘secondary’ measures.
The voucher must be used to install at least one primary measure which covers insulation and low carbon heating.
Insulation measures covered by the voucher:
Low carbon heating measures covered by the voucher:
Once you have installed at least one primary measure, the voucher can be used to help cover the cost of any of the following secondary measures.
The amount you get towards the cost of secondary measures cannot exceed the amount you get for primary measures.
Windows and doors
Heating controls and insulation
All work covered by the voucher must be completed by a Trustmark-registered installer who is also registered with the scheme. They mustalso meet PAS and MCS standards.
You, a member of your household or your immediate family are not permitted to carry out the work under the scheme.
This information is sourced from the GOV.uk website. Please click here to see the latest information and here to check if you're eligible for a Green Homes Grant.
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Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551