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Cashback offer revealed for Green Deal

Homeowners who are planning to install thermal insulation under the Green Deal will be able to claim thousands of pounds back from the government.

This is according to energy secretary Ed Davey, who revealed that the Department of Energy and Climate Change is due to provide a £125 million cashback pot for those enrolled in the scheme.

He said the offer will help the Green Deal get off to a flying start, as "the more work households have done, the more energy they stand to save and the more cash they receive".

The announcement follows a week of confusion among electricity customers over rising tariffs and a statement from prime minister David Cameron that power suppliers would have to offer their lowest rates.

For the best cashback offers, families should take advantage of the initiative as soon as it opens in January and community-minded homeowners will have the choice of donating some or all of the money to registered charities.

From January 28th, work is due to begin under the initiative to make improvements such as solid wall insulation, loft insulation and replacement windows.

Posted by Simon Webster