I would like External Wall Insulation for my tenants

by Readers Question

14:18 PM, 29th April 2014
About 6 years ago

I would like External Wall Insulation for my tenants

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I would like External Wall Insulation for my tenants

As soon as ECO funding for external wall insulation (EWI) was first announced I applied for funding for several properties through my Landlords Association.

After a survey, a tenant questionnaire and another EPC, I agreed to make a financial contribution towards the total cost of the EWI.

Now after a year of delays the Chancellor has moved the funding goal posts, in that EWI funding is now limited to 2/3rds upto £4,000.00 of the cost per property, with the balance financed by the Green Deal scheme, through the tenants electricity meter.

I have tenants who have been and still are with me after 8, 10 and 11 years, most of my tenants move on after 2 years or so, and therefore I do not think that Green Deal finance is suitable.

I would like to ask my fellow landlords how to move forward with the EWI ( which I think is essential ), how to increase the ECO funding to cover the EWI cost, and what other funding options are available for EWI and any other improvements, boiler, solar panels etc etc if possible.

My tenants are working people, not in receipt of any benefits who deserve the added comfort of EWI, just as much as some tenants who are on ‘benefits’.

Many thanks

PeterEWI



Comments

Neil Patterson

14:23 PM, 29th April 2014
About 6 years ago

I am very interested in all the new green technology and it will be interesting to see what is new out there. I had a survey done on my own home for P118 research when the Green deal first came out but couldn't really get anything to stack up on a modern property.

Chris Amis

15:33 PM, 29th April 2014
About 6 years ago

You are falling thru the same hole as my tenants, they work, if they did not then there would have been new boilers etc available last year.

The idea of getting the tenant to pay via the green deal is sheer cloud cuckoo land for tenants who are already terrified of turning on the heating.

If I paid out the ~6k to do external insulation the govt will only allow IIRC 1500 off tax, it would only add a couple of K to the value of the house so I should up the rent by say £100 to cover it, I cannot see that working.

I will be interested to see if you can actually get 4K from the govt for working tenants.

I thought they had just removed solid wall insulation from the schemes, hope I am wrong.

So far all I have seen from this is an industry wanting to do inspections and nothing more.

Robert Mellors

21:39 PM, 29th April 2014
About 6 years ago

A company in Sheffield was doing free external wall insulation for people in receipt of the relevant welfare benefits (mainly Child Tax Credit), but as the government has stopped the green levies on people's gas/electricity bills, the funding has dried up and they are no longer taking on new work. They probably did several hundred properties though, before the funding ran dry.

matthew mooney

15:57 PM, 30th April 2014
About 6 years ago

Hi All

Funding for external wall insulation from December 2013 to June 26th 2014 is set at £4,000 cash back for solid walls properties, the only stipulation is that you have to be paying over £6,000 to claim this grant. The grant is in the form of a voucher we can be claimed on completion it is usually aid into your account within 7 days of submitting. get in quick on this as this is a little too good to be true at the moment.

Regarding boiler funding completely agree with Chris the qualifying criteria for HHCRO funding was a little unfair to others. The funding has not stopped though or dried up just been reduced for boilers dramatically, some energy companies have already hit the set targets for ECO phase 1 hence the slow down.

Regarding new technologies Neil - Look at Biomass the incentives are huge if you can get it on the right building utilising the governments renewable heat incentive scheme. i have just installed one on a office block we own we get back £4900 per year index linked for 20 years - the capital cost was £18,000.

Mark Alexander

16:37 PM, 30th April 2014
About 6 years ago

Reply to the comment left by "matthew mooney" at "30/04/2014 - 15:57":

Hi Matthew

Welcome to Property118 and for leaving a very informative first post.

I'm sorry that I had to remove your email address but it is our policy not to allow telephone numbers, email addresses or links to self promotional websites to be posted.

If you are interested in using Property118.com for marketing purposes please see >>> http://www.property118.com/business-sponsorship/
.

Chris Amis

16:45 PM, 30th April 2014
About 6 years ago

To get the 4K on spending 6K do you have to go thru the green scheme assessment nonsense.

Is the grant booked and guaranteed before work starts, i.e. you cannot find the money is gone after you have had it installed?

matthew mooney

17:10 PM, 30th April 2014
About 6 years ago

Reply to the comment left by "Chris Amis" at "30/04/2014 - 16:45":

Mark - Apologies I did not realise I was not allowed to put an email address. Will keep my posts informative only till I have had a chance to register for marketing purposes. To be fair I have usually on read posts on here for my own information.

Chris- No you do not have to go 'through' the green deal scheme - a green deal assessment is only an EPC with and Occupancy assessment attached. You take the urn number off this and use to claim voucher very simple.

regards

matthew mooney

17:12 PM, 30th April 2014
About 6 years ago

Reply to the comment left by "Chris Amis" at "30/04/2014 - 16:45":

Sorry and no once you have claimed the voucher you have provisionally secured funding but must be redeemed before end of September - like all of these things best to get done asap.


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