If you’ve been putting off making improvements to your home for a while – now is the time to think seriously about it.
Money Saving Expert’s Martin Lewis has explained how you can get £5,000 from the government to improve your home.
The government scene starts at the end of September, and allow eligible home owners to apply for a Green Home voucher.
As part of the Green Homes Grant scheme, those eligible can use the vouchers to help pay for environmentally friendly improvements.
On his weekly Money show, Martin explained exactly how the scheme would work.
The vouchers will cover two thirds of the improvement costs up to £5,000, or £10,000 for those on low incomes.
You will have to apply for the voucher once the scheme is running at the end of the month, on the government website.
The government has informed that if you get the voucher the work will need to be completed by March 31, 2021 – meaning you’ve only got six months.
Any owners or private landlords can apply for the grant – but it doesn’t apply to new builds.
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But it comes a bit more complicated than that.
In order to qualify for financial support, you need to be installing at least one of these improvements:
Insulation, such as solid wall, cavity wall, underfloor, loft or roof insulation.
Or low carbon heating such as air source or ground-source heat pumps, or solar thermal systems.
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Or, if you already have these features, you can use the vouchers to install “top ups”, for example additional loft insulation.
If you’ve used the voucher to install one of the above, you can also use them to install one of the following “secondary measures”.
Draught-proofing, double or triple glazing, if you already have single glazing, energy efficient doors or heating controls and insulation.
You get the same amount to spend on the secondary improvement, as you do the primary.
Martin informed viewers that there would be more information to follow, but that those were the basics of the scheme.
He encouraged people to tune into the Money Show next week for a further update.
Martin Lewis Money Show continues on ITV on Thursday at 8.30pm.
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