The RICS (Royal Institution of Chartered Surveyors) has reported that The Department for Energy and Climate Change (DECC) has announced a new incentive scheme: the Green Deal Home Improvement Fund (GDHIF), this is set to begin June 2014. It seeks to improve upon the original Green Deal as a result of low uptake.
The figure available to households is £7600 however most of this is reserved for households with solid wall construction where 75% of the cost of insulation (up to a maximum of £6,000) is available for the installation of internal and external wall insulation.
This leaves only around £1,000 for householders who must install two energy efficiency measures from a limited list of 12 including:-
- Condensing mains gas boiler
- Fan-assisted storage heaters
- Flue Gas Heat Recovery
- Replacement warm-air unit
- Waste water heat recovery
- Cavity wall insulation
- Flat roof insulation
- Floor insulation
- Room-in-roof insulation
- Double/triple glazing (replacing single glazing)
- Secondary glazing
- Energy efficient replacement doors
As most of the above measures could cost more than £1,000 in their own right this has been reported as not appearing to be very generous.
The Green Deal Advisory Report also costs around £150 which is expensive, the DECC however has now offered to provide a partial refund of £100 should the work be completed within 24 months of the report.