The Chancellor announced on Wednesday 8th July in his mini Budget
some interesting news for Huddersfield homeowners and Huddersfield landlords.
Rishi Sunak is going to give ‘The Green Homes Grant’ of up to £5,000 to cover
two-thirds of the costs of environmentally friendly upgrades to your Huddersfield
property, with the homeowner covering the other third. There are also enhanced
grants of £10,000 for the poorest households where 100% of the cost will be met
by the Government.
This is nothing new mind you. The coalition Government in
2013 announced The Green Deal. That deal was in theory to have been a help for
the builders, energy saving and home improvement industry, as the Government
hoped many would take up environmentally friendly improvements to save energy
(and ultimately greenhouse gases). Yet by the time it was brought to an end two
years later only 14,000 households had applied, costing the taxpayer £238m (or
£17,000 per household). That doesn’t sound good value to me – yet who am I to comment?
Anyway let’s not be negative, as improving our homes does makes
sense – after all, research shows Brits have the draughtiest homes in Europe. A
recent survey suggests UK homes “leak” heat up to three times more quickly
than more energy-efficient homes on the continent.
Data from 80,000 smart thermostats across the EU were reviewed
to measure how quickly a home at 20°C inside cooled once the heating was
turned off (when the outside temperature was 0°C). Within 5 hours, the average
British home dropped by 3°C, the French came in second at 2.5°C yet the Germans
came in at just 1°C, meaning British homes clearly need more heating (i.e.
greenhouse gases) to keep them warmer.
The chancellor has allotted £2bn to the scheme, which pays
for two thirds of the cost of the upgrade and stated that more than 650,000
homes would be upgraded. This could save
those households a total of £195m a year in heating bills (or the equivalent of
£300 a year per household), cutting greenhouse gases and saving jobs in the
construction industry. The grants can be applied for from September and is open
to Huddersfield homeowners and private sector Huddersfield landlords. Applications
must be made before March 2021 and the Treasury have stated about half of the
fund would go to households with the lowest incomes (how low is still to be
announced), with an enhanced grant of up to £10,000, saving them up to £600
per annum each on their heating bills.
The average Huddersfield home annually produces 4.392
tonnes of CO2 , compared to the national average of 4.101 tonnes
Due to the particular individual nature
of the properties in Huddersfield and their construction type, with suitable
improvements in insulation, double glazing and draught proofing, Government statistics
state that this could be reduced to 2.541 tonnes for Huddersfield homes if
suitable work (as per the Green Homes Grant) was carried out.
Why is this important? Well UK
householders spend £34.735bn a year on their electric and gas bills – this is a
lot of money. In fact, looking specifically at Huddersfield properties …
Huddersfield householders spend £755.65 per year on
heating their homes (compared to the
national average of £669.34 per year)
Yet, if Huddersfield householders carried
out the energy improvements that ‘The Green Homes Grant’
suggests their energy bills for heating alone would reduce to £547.58 per year
... quite a saving over a decade and beyond (enough to buy a decent holiday
– whatever one of those is!).
So, with Huddersfield homeowners and Huddersfield landlords
being able to spend the grant on loft, floor and wall insulation, low carbon
gas boilers, heat pumps, double or even triple-glazed windows, energy-efficient
doors and low energy lighting … everyone should win – the environment, the
economy and household budgets. More details on the scheme should be released by
the Government in August.
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