£10,000 loans for greener homes

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* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Homeowners looking to dramatically reduce their energy bills by making their homes greener will be able to access up to £10,000 in government loans.

For those considering switching energy supplier using a price comparison site, the money could help reduce heating bills.

The proposals, which would see people pay back the loan through their council tax bill, were outlined in a report by the UK Green Building Council.

Paul King, chief executive of the council, said: "This innovative proposal would provide the finance to trigger a revolution in household refurbishment.

"Both government and opposition have voiced their support for the principles of a scheme like this – what's needed is to get on with it."

The government is expected to start trialing the energy saving scheme in hundreds of houses around the UK soon.

Meanwhile, the Edinburgh Evening News' Gareth Edwards said that people should consider switching their energy provider now before energy firms start to put their prices up again.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


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