The Scottish Government has today announced the opening of a £14m interest free new loans scheme for energy efficiency measures including internal and external wall insulation.
For the first time Housing Associations will be able to apply for loans from the government’s Home Energy Efficiency Programme Scotland (HEEPS) Loan Scheme. Until now, the scheme has been open only to owner-occupiers and private landlords. The cash will help meet the cost of installing energy efficiency measures, like internal or external wall insulation or hard to treat cavity walls.
The Scottish Government has made available interest free, unsecured loans of up to £15,000 to householders for installing a variety of measures such as solid wall insulation, double glazing or a new boiler.
The scheme is open to owner occupiers, private tenants and registered private sector landlords in Scotland. The repayment period varies based on the amount borrowed but those taking out higher value loans for solid wall insulation for example will be able to pay back over 10 years.
The repayment period varies based on the amount borrowed but those taking out higher value loans will be able to pay back over 10 years.
Neil Marshall, Chief Executive of the NIA commented: “We welcome the loan scheme which will make home insulation more affordable and we are urging householders in Scotland to contact their local NIA registered member to find out if their home requires additional insulation and for details of this scheme.
“By installing SWI savings of up to £455* per year can be made on fuel bills and £275* per year from CWI. Loft Insulation can also save up to £240* per year and Draught-proofing windows and doors can save between £25 and £50* per year and when installed with other measures will greatly increase the comfort in a home.”
To find a local NIA registered member, householders and landlords in Scotland should visit the NIA website www.niaconsumer.co.uk
Notes to Editors
* Figures from Energy Saving Trust and valid for 2016