Green deal cash-back announced for oil condensing boilers
Householders, who opt to replace their old inefficient oil-fired boiler with a new condensing version, like the Grant Vortex, will be able to claim £310 cash-back under the Green Deal Cash-back Scheme.
Starting on 28th January 2013, the Incentive is on a first-come, first-served basis (until funds last) where householders claim cash-back from the Government on a number of energy saving improvements like insulation, double glazed windows and central heating boilers. There is no limit to the number of improvements that can be made, the more installed, the more grant money can be claimed.
Conditions include that the property must undergo a Green Deal Assessment and have the improvements installed by an Approved Green Deal Installer within a certain timeframe (six months for insulation and three months for all energy saving measures) to qualify for the payback.
At present it has been guaranteed that £40m will be available for the current scheme rates, but this amount is likely to reduce when the initial budget is exhausted. For more information, visit the DECC website.