Select committee: Environmental Audit Committee
Recommendation 27
Fourth Report - Energy Efficiency of Existing Homes
Published 22 Mar 2021
Paragraph 130
Environmental Audit Committee Energy Efficiency of Existing Homes All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Recommendation (the committee's words)
Alongside an extension of the Green Homes Grant, other financial incentives, such as low interest loans, will need to be made available to owner occupiers and landlords to achieve the thorough retrofit of domestic housing stock the Government envisages. The Green Finance Institute has identified 21 possible products. It is therefore disappointing that the Green Home Finance Innovation Fund only looked at green mortgages and did not pilot stamp duty rebates and low interest loans which have shown considerable success in other parts of the world. We look forward to hearing more details from the Government on how the proposed National Infrastructure Bank will be used to finance domestic energy efficiency.
From: Environmental Audit Committee, Fourth Report - Energy Efficiency of Existing Homes (HC 346), paragraph 130, 22 March 2021
Government response
The government responded to the whole report on 13 May 2021 (deadline 22 May 2021).
Summary written by Accountability Index from the government's response. It is not the government's own words.The government sets out a broad programme on home energy efficiency, agrees with parts of the Committee's analysis, but did not extend the Green Homes Grant voucher scheme.
- On the voucher scheme, the government did not adopt the recommendation to extend it: it judged it "more beneficial overall to close the voucher portion" and to "reform and expand" the Local Authority Delivery element, citing the need to protect the taxpayer.
- It holds to its aspiration for "as many homes as possible" to reach EPC band C by 2035, "where practical, cost-effective and affordable", and plans to publish a Heat and Buildings Strategy "shortly".
- It says it will consult in 2021 on regulatory options to improve the energy performance of owner-occupied homes.
- On Stamp Duty rebates for energy efficient homes, the government says trials "are not under active consideration at this time"; it also does not propose lower VAT rates, citing pressure on public finances.