U.K. Offers Homeowners 7,600 Pounds for Efficiency Measures

May 01, 2014 5:32 am ET

May 1 (Bloomberg) -- The U.K. government said it will refund homeowners as much as 7,600 pounds ($12,800) for installing measures such as double glazing and insulation that improve the energy efficiency of buildings.

Energy Secretary Ed Davey is trying to rejuvenate the government’s drive to make the country’s drafty homes more energy efficient while also helping consumers shoulder rising gas and electricity costs.

“The best way for households to take control of their energy bills is to use less energy,” Davey said in an e-mailed statement today. “Faulty boilers, drafty windows and insufficient insulation all cause properties to leak hundreds of pounds every year.”

The program will start in June and also apply to new boilers, the Department of Energy and Climate Change said today in an e-mailed statement. Householders will be refunded a proportion of money they spend installing the measures.

The government’s “Green Deal” program to improve the energy efficiency of the nation’s 26.9 million homes came into force in January 2013 and has only attracted 2,000 plans since then, according to DECC figures. The plan, which provides loans to homeowners who install measures, was the centerpiece of the government’s first energy law.