Scotland launches ambitious pilot energy efficiency scheme
A new energy efficiency scheme in Glasgow, Argyll and Bute and Perthshire will provide loans of up to £40,000 to homeowners on low incomes to help them make essential energy efficiency improvements to their homes, a recent news report has been able to suggest.
The £10 million pilot scheme provides the funding that can be used either as a single equity or with other existing grants provided by the Scottish Government to fund more expensive measures like solid wall insulation or a package of energy efficiency works.
Householders will repay the loan when the property is sold or they transfer ownership. There will be no monthly interest, with the amount repaid linked to the value of the house at the time the loan is paid back.
Scottish Housing Minister Kevin Stewart said: “We know leaking roofs and poor building structures can drive up energy bills and make them more difficult to heat but for low income households they can often be too costly to repair.
“Making sure everyone has access to a warm and affordable home is a priority for this Government which is why we have committed half a billion pounds over the next four years, meaning over £1 billion by 2021, to tackling fuel poverty and improving energy efficiency.”
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