Sunday, June 23, 2024
Energy Transition Outlook Report 2023
HomeRenewablesChancellorGovernment urged for stamp duty rebate on green home upgrades

Government urged for stamp duty rebate on green home upgrades

The government is being urged to consider a stamp duty rebate aimed at incentivising homeowners to retrofit their properties.

The proposed ‘Rebate to Renovate’ scheme, backed by MPs and think tanks, aims to spur eco-friendly improvements within two years of a home purchase.

A recent report from the Better Homes Alliance emphasises the financial hurdle faced by households contemplating retrofitting, estimating upfront costs ranging from £8,000 to £12,000.

Despite this obstacle, the alliance’s research suggests that enhancing a home’s energy efficiency, including measures like loft insulation and double glazing, could lead to an annual £348 reduction in average household energy bills.

Energy Live News has contacted the Treasury for comment.

Energy Live News
Energy Live News
This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
- Advertisment -
Energy Jobline LinkedIn

Most Popular

Recent Comments