7,500 heat pump grant under review in Treasury budget talks
Briefly

7,500 heat pump grant under review in Treasury budget talks
"The Boiler Upgrade Scheme (BUS) gives property owners in England and Wales grants of up to £7,500 to install an air-source or ground-source heat pump, or £5,000 for a biomass boiler. The scheme was created to help reduce emissions and cut long-term heating costs. Government records show it is due to run until December 2027 through the wider £13 billion Warm Homes Plan, which was announced earlier this year."
"Reports in the Telegraph suggest that Chancellor Rachel Reeves is under pressure to deliver savings of around £170 per household by reducing or repurposing green levies that fund retrofit schemes. A senior Whitehall source quoted by the Telegraph said the Treasury wants the Energy Department to cover part of those savings but that "DESNZ have said no." Energy companies and environmental groups have voiced concern that such cuts would be short-sighted."
The Boiler Upgrade Scheme provides homeowners in England and Wales grants of up to £7,500 for air- or ground-source heat pumps and £5,000 for biomass boilers. The programme aims to reduce emissions and lower long-term heating costs and is scheduled to run until December 2027 as part of the £13 billion Warm Homes Plan. Treasury officials are reviewing energy levies to ease pressure on energy bills and may alter how retrofit schemes are funded. Reports indicate pressure to deliver around £170 per household in savings. The energy department says there are no plans to end the scheme, while industry voices warn cuts would be short-sighted.
Read at Homebuilding
Unable to calculate read time
[
|
]