Half of UK homeowners to apply for government’s Green Energy Grant

26th July 2020 | Residential Energy

More than half of UK homeowners are planning to apply for the government’s new Green Energy Grant, research suggests. The grant, which was announced by Chancellor Rishi Sunak in July’s budget and will be available from September, will cover at least two thirds of the cost of energy-saving improvements. The average UK household can apply for up to £5,000 ($6,396), while the poorest households can claim as much as £10,000.

So far, 51% of homeowners are planning to apply for the scheme, while another 26% are seriously considering it, according to a MoneySuperMarket survey of 2,000 people. The scheme could save Brits up to £300 a year on bills, Sunak said in his announcement speech. It is part of a wider “green” recovery plan that will also see £1bn go towards making public buildings, such as schools and hospitals more efficient.

Green Energy Grant

“There are several measures households can undertake to make their home more energy efficient – from loft, wall and floor insulation, to adding double-glazed window, among other things,” said Stephen Murray, energy expert at MoneySuperMarket. But while it’s “encouraging” to see so many people “keen” to take advantage of the grant, switching suppliers remains the best way to save money on bills, Murray advised.

He said, “If you haven’t switched your energy supplier in the last 12 months, or have slipped onto a standard or default tariff, by the far the most effective thing you can do to bring down the cost of your energy bills is to switch to a cheaper supplier. It is easy to switch online and only takes a few minutes with your supplier taking care of the switching process. Our data shows customers can save an average of £290 by switching to a better deal.” There are may different types of tariff available to most homeowners.

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