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UK Homes Get £15bn Green Upgrade Boost
21 Jan
Summary
- £15 billion 'warm homes plan' aims to cut bills and reliance on fossil fuels.
- Low-income households to receive free insulation and clean tech upgrades.
- Scheme targets five million homes, aiming to lift a million out of fuel poverty by 2030.
A new £15 billion "warm homes plan" has been introduced in the UK, designed to significantly enhance home energy efficiency and integrate clean technologies. This ambitious government program aims to address the cost-of-living crisis by reducing household energy bills and decreasing dependence on fossil fuels. The initiative prioritizes making homes warmer and more affordable for all citizens.
The plan includes substantial public investment, with £5 billion allocated for low-income households who will benefit from free upgrades such as insulation, solar panels, and batteries. For homeowners, low and zero-interest loans will be available to finance the installation of solar panels, heat pumps, and energy storage solutions. This is in addition to existing grants for heat pump installations.
Officials project that the "warm homes plan" will reach up to five million homes, potentially saving families hundreds of pounds annually on their energy costs. A key objective is to lift approximately one million households out of fuel poverty by the year 2030. The government also intends to upgrade protections for renters and provide support for landlords to implement energy efficiency improvements.
