New incentives to drive Green Deal uptake
The UK Green Building Council (UKGBC) has announced the launch of a new project that will kick-start the Green Deal and creates new jobs.
Speaking alongside climate change minister Greg Barker at the Conservative Party conference in Birmingham, UKGBC’s chief executive Paul King welcomed the implementation of the scheme and outlined its potential for stimulating economic growth.
Mr King praised the Government’s commitment to the scheme, but warned that it needed adequate support to accelerate the level of uptake and implement its objectives.
He said: “The Green Deal still has the potential to be truly revolutionary in driving mass home retrofit. This new market could, if nurtured properly, create jobs, stimulate economic growth and protect consumers from ever-rising energy prices”.
Diana Montgomery, chief executive of the Construction Products Association, which is supporting the new project, said that despite the strong industry support for the Green Deal, more needed to be done to encourage households to take it up.
Dr Montgomery said: “Collaborating with the UK-GBC on this Green Deal Task Group project will help us to ensure that we can help Government effectively navigate the options they have available to them for capitalising on that opportunity.”
Incentives to be included:
- Stamp duty banding/rebates
- Council tax banding/rebates
- Energy efficiency feed in tariff
- Subsidised interest rates for Green Deal
- Low interest loans (outside Green Deal)/ Green mortgages (underwritten by Government)
- Lump sum grant/payment (cashback/vouchers)
- Progressively tightening minimum standards, inc. extending to owner-occupied sector
- Salary sacrifice (tax free scheme) through work/tax credits
- VAT cut extension to a wider range of measure
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