Millions of homeowners to receive grants worth thousands to help save on bills – will you be affected? | The Sun

MIDDLE-INCOME households could receive grants worth thousands of pounds to make their homes more energy efficient under a proposed new government scheme.

Ministers are consulting on allocating £1bn to a new "eco plus" project, which would fund loft insulation, cavity wall insulation and smart heating controls.

The government grant is aimed at middle-earning households that can afford to pay – and according to The Times will be specifically dished out to cover 75 per cent of the energy efficiency installation costs.

The Times has also reported that under current plans, the scheme could begin next April and is likely to cover houses in Council Tax bands A to D.

The Department for Business, Energy and Industrial Strategy expect it will help more than 70,000 homes, knocking off hundreds of pounds a year from energy bills.

Insulation works by creating a thermal barrier that traps natural heat within the home, keeping rooms warm and creating less need to switch on heaters.

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The Times estimates that installing loft insulation could cost up to £1,100.

But it would save £640 a year on energy bills.

Cavity wall insulation could costs up to £2,500 but would save £525 per year.

Meanwhile, smart heating controls including thermostats and thermostatic valves would be £800 to install but can save £525 a year.

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For low-income Brits, help with gas and electricity bills will be available through the Energy Price Guarantee.

Ministers have capped average annual bills at £2,500 until March 31 next year.

From then the cap rises to £3,000, but there is extra help to pay that amount for Brits on benefits.

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Hard-up households eligible for universal credit will next year receive a £900 cost of living payment.

Pensioners will also get an additional £300 and there will be a £150 payment for Brits with a disability benefit.

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