Did you know your mortgage provider could save you thousands by going green?

By Jacob Hayes

16th October 2024

If you’re thinking about upgrading your home with eco-friendly improvements like a heat pump or solar panels, you could be missing out on thousands of pounds in savings. Many mortgage providers across the UK—including Barclays, Halifax, and others—are offering green incentives to help you cover the costs of these upgrades. Even better, you can combine these incentives with the UK government’s £7,500 heat pump grant, making it even more affordable to go green.

Let’s dive into how these incentives work and how Assembly Renewables can help you make the most of them.

Green Incentives from Multiple Mortgage Providers

Several mortgage providers in the UK are encouraging homeowners to go green by offering financial rewards for eco-friendly upgrades. Barclays and Halifax are well-known for their green offers, but many other lenders are now participating, offering rewards to help make your home more energy-efficient.

Here’s what you could qualify for:

• £2,000 for Installing a Heat Pump: Many mortgage providers are offering up to £2,000 to cover the installation of energy-efficient heat pumps. These systems not only reduce your energy bills but also lower your carbon footprint.

• £1,000 for Solar Panels: Install solar panels and tap into renewable energy while cutting your electricity bills, with up to £1,000 from your mortgage lender to help with the cost.

• £500 for Insulation Improvements: Proper insulation keeps your home warmer in winter and cooler in summer. You can receive £500 towards insulation upgrades, improving your home's energy efficiency and reducing heating bills.

These incentives are available from a variety of mortgage providers, so make sure to check with your lender for details on what’s offered.

Combine with the £7,500 Government Grant for Heat Pumps

In addition to the rewards from mortgage providers, the UK government is offering up to £7,500 through the Boiler Upgrade Scheme to help cover the cost of installing heat pumps. This scheme is designed to make switching from traditional gas boilers to more energy-efficient alternatives easier and more affordable.

And the best part? You can combine the £7,500 government grant with the £2,000 mortgage incentive, giving you up to £9,500 in total savings for heat pump installation. This significantly reduces the upfront cost, making it easier to switch to a more sustainable heating system.

By combining these programs, you could save thousands on eco-friendly home upgrades while reducing your energy bills and helping the environment while you're at it!

Why Assembly Renewables?

Assembly Renewables will be your trusted partner in making green home improvements easy and affordable. We handle everything from helping you navigate the application process to installation.

📞 Contact us today, we'll check your eligibility!

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