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£6,500 cash promise for boilers and energy efficiency measures

Houseowners could be given up to £6,500 to install new boilers and other energy efficient measures as part of plans unveiled by the Conservatives, but they would eventually have to pay back the cash handout.

The scheme is included in its Green Paper on developing  a low carbon economy and titled The Low Carbon Economy: Security, Stability and Green Growth.

The ‘Just Do It’ Scheme is meant to try to overcome the barriers to retrofitting existing properties.

Households would be given an entitlement to undertake approved energy efficiency improivements up to a value of £6,500. The amount paid out would then be recovered through the household energy bill over a period of 25 years although the Conservatives hope the pay back period will be made much shorter as fuel consumption will be reduced.

The Green Paper says: “Because everyone would be able to upgrade their home energy efficiency with no upfront costs and immediate savings on their bill, there would be no obstacle to improving their home.”

The Conservatives are now getting ready to consult on the best model for the scheme and the financial limits.

Other measures being proposed include the introduction of a Japanese style ‘Top Runner’ scheme which identifies the most efficient appliances on the market in different categories and then requires all competing brands to improve on them within four to six years.

The Conservatives are also committed to introducing Display energy Certificates for all non domestic buildings over 1,000 square metres.

To see the report in full click here.