The Residential Landlords Association is reminding investment property owners in the private rental sector that the government has launched the latest phase of the Green Deal Home Improvement Fund.
But it warns that the government is making it clear it can vary the terms, including the incentive rates, or suspend or close the scheme with immediate effect, without notice and at any time.
Under the scheme, domestic energy customers will be able to receive:
- up to £3,750 for installing solid wall insulation;
- and/or up to £1,250 for installing two measures from an approved list;
- up to £100 refunded for their Green Deal Assessment; and
- up to £500 more if applying within 12 months of buying a new home.
The £70m for the third release will be available until all the funding has run out. To complete the two-stage application process, landlords will need:
- a Green Deal Advice Report or Energy Performance Certificate that is less than two years old;
- a quote from a GDHIF registered installer or provider for work specified on the GDAR or EPC and included on the list of GDHIF approved measures;
- proof of property ownership (for landlords/undertakings only).
The £70m available under the third release is part of the additional £100 million for household energy efficiency announced last October.
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Comments
Not sure if this is correct. I had a letter from Dept of Energy saying landlords and tenants would only be entitled to 50% of the funds on offer in this latest round. And had to fund the remainder themselves. Anyone else got this