Rishi Sunak’s mini-Budget confirms £5,000 energy saving voucher for households

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CHANCELLOR Rishi Sunak has revealed homeowners will be given £5,000 in energy saving vouchers to help them insulate their homes.

The most vulnerable households will get up to £10,000 to help make their houses more environmentally friendly.

The Green Homes Grant scheme will be available to help hundreds of thousands of homeowners.

The government says it will provide extra work for plumbers, builders and tradesmen and help the Covid-hit economy recover – was announced in today’s mini-Budget.

Chancellor Rishi Sunak said: “From September, homeowners and landlords will be able to apply for vouchers to make their homes more energy efficient and create local jobs.

“The grants will cover at least two thirds of the cost, up to £5,000 per household.

“And for low income households, we’ll go even further with vouchers covering the full cost – up to £10,000.”

Homeowners will be able to use the money on loft, wall and floor insulation, eco-friendly boilers, heat pumps, double or triple-glazed ­windows, low-energy lighting and energy-efficient doors.

Brits will be able to access a website from September that will have a menu with various options for making their home more energy efficient.

On the website, there will also be a list of accredited suppliers, which the government says will create work for tradesmen across the country.

The chancellor said the scheme could save you £300 a year on your energy bills.

The Government will cover at least two thirds of the cost that homeowners in England spend on green upgrades, while those on the lowest incomes will not have to pay anything.

This means that a householder would pay £1,320 of the £4,000 bill for cavity wall and floor insulation for a semi-detached or end-terrace house, while the Government would pick up £2,680 of the bill.

Sarah Broomfield, energy expert at Uswitch.com, welcomed the move and said it would help families cut energy costs.

She said: “The extra heating and electricity used during lockdown is predicted to add £195 a year to the average home’s bills.

“So the Chancellor’s initiative to help hundreds of thousands of people make their homes more energy efficient couldn’t come at a better time – especially as energy consumption is set to hike as soon as the temperatures drop.”

But Mark Gutteridge, CEO of auto energy switch site Flipper had one major reservation.

He said: “With the Government only offering to pay two-thirds of the cost, I can see take up being very low.

“Many households won’t want or be able to fund the balance of the cost of these improvements which will be £100’s – £1’000’s.”

 

In other mini-budget announcements, the government has slashed stamp duty as part of the budget masterplan.

Meanwhile, a Coronavirus second wave could make one in seven unemployed, the OECD has warned.

But here are six industries that will boom after Covid-19 and what jobs will be on offer.

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