HEEPS Loan Scheme
You can apply for an interest free loan of up to £10,000 for installing a variety of home energy efficiency measures such as solid wall insulation, double glazing or a new boiler.
The HEEPS Loan scheme is open to owner occupiers and registered private sector landlords in Scotland. See the list below for eligible measures and values. The repayment period varies based on the amount you intend to borrow but those taking out higher value loans will be able to pay back over 10 years.
How do I apply for a HEEPS loan?
For free advice on applying for a HEEPS loan just call C Hanlon on 0843 289 2038. You must already be in possession of your Green Deal Assessment Report which will state which measures your property is recommended to replace.
What happens after I apply?
Once your application has been received, the Energy Savings Trust will assess your eligibility, including undertaking a credit check. If you are successful, you will be offered a loan. You must not start work until you have received a loan offer. If your loan application is successful and you receive loan funding, your loan will include an administrative fee, which will be included in your monthly loan repayments. The administrative fee will be a percentage of the total loan value, up to a maximum of £150. The percentage figure will be 1% plus the highest base rate in force at a selection of banks 28 days before you enter into the loan agreement. You will be issued with a loan offer which will be valid for 6 months (or until 31st March 2016, whichever is sooner). This will allow you time to have the works complete in your home.
What Measures are Available?
|MEASURE||MAX LOAN AVAILABLE|
|Solid wall insulation (external and internal)||£10,000|
|Cavity wall insulation||£900|
|Loft insulation (0mm – 270mm)||£500|
|Loft insulation (top-up 120mm – 270mm)||£500|
|Floor insulation (solid floor)||£750|
|Floor insulation (suspended timber)||£750|
|Flat roof insulation||£2,500|
|Boilers – gas, LPG or oil||£3,000|
|Double/triple glazing (as a replacement for single glazing)||£4,500|
|Secondary glazing (for properties with single glazing only)||£500|
|Fan assisted electric storage heaters||£3,500|
|Warm air units||£3,500|
|Waste water heat recovery systems||£1,000|
|High heat retention storage heating systems||£7,000|
|Flue gas heat recovery||£500|
|Hot water tank insulation (uninsulated tank)||£500|