Barclays will start paying up to £2,000 to its mortgage holders to help them ‘green their home’ as three in four say they cannot afford the changes they want to make within the next five years. The bank said it would run a trial to pay back customers who install new insulation, heat pumps or solar panels, among other solutions.
The bank said that most of the homeowners it surveyed wanted to improve the energy efficiency of their homes, however, most are only making small-scale improvements which do not cost much up front. This can include changing old light bulbs for more energy efficient versions - something which has only a small impact on a home's carbon emissions.
The full £2,000 will be available for homes installing heat pumps, while those opting for solid wall insulation or solar panels will be able to get £1,000 and a smaller £500 payment will be available for loft insulation or new windows, among other initiatives.
