Earn Thousands From Government Energy Schemes

Heating your home can be expensive, but there are schemes, initiatives and other things you can do that can save you thousands of pounds and improve your energy efficiency.

Warm Front is one such scheme which can literally save you thousands of pounds. It is a government funded initiative which is managed by Eaga. The scheme is designed to support people who may be vulnerable to fuel poverty this includes low income families and the disabled and elderly. It provides a package of insulation and heating improvements which can amount to the value of 6,000 where oil or renewable technologies are recommended. To qualify you must own your own home or rent from a private landlord. You should also receive certain specified benefits as well.

However, even if you do not qualify for a Warm Front grant you can still apply for the Heating Rebate Scheme and receive up to 300. To qualify you must live in an English local authority be over 60 and own your own home. The work carried out must also exceed 300 including VAT.

The Clean Energy Cash Back or Feed-in Tariff (FIT) Scheme was introduced on 1st April 2010 and promises to pay long-term, guaranteed payments to homes and businesses for generating electricity from small-scale renewable electricity systems, such as solar panels and wind turbines. The scheme is intended to give people an incentive to utilise green energy and cut their fuel bills. The money paid to homeowners is also tax free.

For homeowners with a well positioned 2.5kW solar panel this could amount to 900 cash back from the excess electricity they generate but do not use as well as further savings on electricity bills. Similar schemes to FIT have worked well in countries such as Germany for the last 10 years.

The Renewable Heat Incentive is a fixed payment for the renewable heat which is generated by a household and is set to be launched in April 2011. Although it is similar to the Feed-in Tariff initiative there are some significant differences due to the fact that most homes generate heat via oil or gas boilers, unlike electricity there is no National Grid for Heat.

To benefit from The Renewable Heat Incentive (RHI) you have to install a renewable heating system such as solar thermal panels, heat pumps or a biomass boiler. Once this has been done an estimate is given based on how much heat your system will produce. Based on this estimate a fixed amount is paid. The RHI will be available to everyone including businesses and is designed to incentivise investment into renewable energy.

Everyone can potentially earn money from being more environmentally conscious and investing in renewable energy. Even if you are unsure about how to go about installing a renewable energy system for your electricity and heating needs you can employ the services of an energy consultant for as little as 50. They will usually provide advice and a report on what to install and how you can maximise the effectiveness of a renewable energy system.

Basics of the Green Deal Scheme

The Green Deal is a UK energy efficiency program aimed at modernizing the millions of homes across the country which are completely lacking when it comes to being efficient in energy related matters. This flagship programme, which was launched in October 2012, is open to every UK resident who wishes to take the necessary steps to help cut draught and heat loss via several different steps. A significant feature of the Green Deal is its aim of reducing energy consumption in a typical household, which should go a long way to reducing energy bills, especially with the ever-increasing prices reported in the market.

It is estimated that the properties in the UK are among the most wasteful in relation to heat loss in the Western world. A high-volume of waste is noticed in relation to numerous practices seen in office buildings. Also, for the domestic resident who might have the thermostat up high in a draughty property, which might keep the resident in some degree of comfort, but will be quite expensive in relation to energy costs. This is also likely to be very unsustainable for the environment in general.

A key feature behind the creation of the Green Deal is to help with reducing leaking carbon, which comes mostly from the high number of properties leaking heat. It has been well-established that the right installation in wall cavities and loft spaces goes a long way to reducing the amount of carbon emission leaked from a typical residence. Installation features as part of the Green Deal package and is one of the more notable energy-efficient improvements available. If the right steps are implemented it is believed that many families will be able to lift themselves out of fuel poverty. Consumers are starting to be encouraged to implement a comprehensive range of measures which should help homes be much more fuel-efficient in future years.

In order to benefit from the energy-efficient measurements offered in the Green Deal, it will be necessary for an accredited adviser to visit a property to establish its existing energy efficiency and then to decide what improvements might be made. Green Day advisers are only concerned with the suitability of the particular property; no other criteria will come into play, including the available funds a homeowner might have. An adviser will also offer practical advice on what action might be taken to help with reducing a properties carbon footprint even further.

How Does Green Deal Finance Work?

Via the Green Deal scheme run by the UK government, you can make your home more energy-efficient without paying a lot of money. Unlike other systems, it does not offer grants, but finance in the form of a loan. Still, this does not mean that it is financially burdening in any way. Find out more about Green Deal finance so that you can use it with confidence.

Scheme Basics

The scheme is designed to help you make home improvements which will contribute to energy efficiency. The list of eligible improvements includes wall and loft insulation, double-glazed windows, draught-proofing, underfloor heating, heating controls, boiler replacement and even solar panels. Other types of improvements may qualify as well. In order to make these improvements, you will receive a loan which is repaid under special terms and conditions.

Finance Eligibility and Amount

Any person owning or renting a property in England, Wales and Scotland can apply for Green Deal finance and qualify. There is no income assessment. You can qualify irrespective of the income which you earn. The finance is available from registered providers and lending criteria apply. The lender will take into account your credit score and history when determining your eligibility and the interest rate to be charged. Still, the requirements are lower so around 8 of every 10 applicants qualify.

The loan amount is based on the amount of money which you are expected to save on your energy bills. This will enable you to finance the most energy-efficient improvements which can be made. In general, you are free to make a personal financial contribution of any size. Similarly, you may use grants available from other schemes to pay for the improvements.

Repayment Term and Structure

Each Green Deal finance package has payments which are lower than or equal to the savings on your energy bills which you will generate as a result of the planned home improvements. In this way, you will incur no additional costs whatsoever. You will keep on paying the same bill or a slightly lower one. Once the loan is paid off, you will start generating major savings from the energy-efficient improvements.

The repayment term is typically between 10 and 25 years. You can select it in line with your financial plans. A longer term will result in smaller payments while a shorter one will help you to save on interest.

Finally, you should know that the Green Deal finance payments are automatically deducted from your energy bill. The loan stays with the property and does not go with you if you move to another house.