UK: Loans scheme for green home improvements

Sun, Mar 14, 2010

Energy Saving

Solar panels

Ed Milliband, the energy and climate change secretary, has introduced a scheme to offer loans to help households pay for energy savings products.

The scheme will provide loans for solar panels, insulation and other improvements will aim to break the financial barrier that might stop people going green.

The government want to help reduce the energy used by the UK’s 22 million homes.

The domestic sector was estimated to be responside for 31% of total energy consumption in 2001. (1 – pdf)

Ed Milliband said “Helping people save energy at home can make it easier and cheaper to keep homes warm and appliances running. It is also the best way to cut our carbon emissions.

This new approach will allow people to pay for home improvements after they have had them installed rather than before.

More people will be able to get the work they want done. That means less energy used, which is good for the environment, and lower bills, which is good for families, particularly when we have cold weather like we did this winter.”

photo copyright Wayne National Forest

Related posts:

  1. Green home loans could push up UK property prices

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