DCSIMG

£4m for green energy loans announced

Scottish households will benefit from a further four million pound fund designed to help people make their homes greener. Picture: Craig Stephen

Scottish households will benefit from a further four million pound fund designed to help people make their homes greener. Picture: Craig Stephen

A FURTHER £4 million has been allocated to a scheme which helps households generate their own green energy.

The fund gives people access to interest free loans of up to £10,000 for a range of renewable technologies such as a wind turbine or a solar water heating system.

Aiming to reduce the dependency on fossil fuels, more than 1,000 loans have been handed out to homeowners since the project was launched in April 2011.

First Minister Alex Salmond announced the Home Renewables Loan Scheme would be given additional funding while visiting the Western Isles as part of a series of travelling Cabinet meetings.

Speaking after a visit to a home on Lewis where the family received a loan to install a wind turbine and air source heat pump, he said: “Scotland is going greener and the wide take up of small scale renewables appliances in households will be vital for us to become a truly low-carbon economy. There has never been a better time to save energy and go green.

“Since April 2011, more than 1,188 loans have been issued to householders across Scotland and in particular more than 53 loans across the Western Isles, islanders are clearly leading the charge in choosing efficient green energy.

“I am delighted to allocate further funding of £4 million to this successful interest free loans scheme, so that even more Scots like the Smith family can reap the benefits of low carbon technologies, cut energy bills and emissions, support jobs and the local economy.”

The money was welcomed by the Energy Saving Trust, which manages the scheme.

Director Mike Thornton said: “Since April 2011, households that have received a loan will make total savings and income of over £12 million; figures like these mean we expect many more to take up this Scottish Government loan and reap the benefits of a home renewables system.”

WWF Scotland director Lang Banks said: “Scotland has been leading the way in deploying renewables at scale. However, it’s just as important that ordinary households are able to play their part in cutting emissions by joining the renewables revolution that is now under way.

“This funding will help even more Scots plug into clean, green, money-saving energy sources.”

SEE ALSO

Lesley Riddoch: Lack of funds but not of hot air

 

Comments

 
 

Back to the top of the page

 

EDINBURGH
FESTIVALS
2014

#WOWFEST

In partnership with

Complete coverage of the festivals. Guides. Reviews. Listings. Offers

Let's Go!

No Thanks