The Welsh Government has recently announced a new funding scheme to help landlords improve the energy efficiency of their rental properties. The scheme, which is part of the Welsh Government’s commitment to reduce carbon emissions, will provide up to £2,500 per property to help landlords make energy efficiency improvements.
The scheme is open to all landlords in Wales who own or manage rental properties. Landlords can apply for funding to cover the cost of energy efficiency improvements such as installing insulation, double glazing, or energy efficient lighting and heating systems. The funding can also be used to cover the cost of energy efficiency advice and support.
The Welsh Government hopes that the scheme will help landlords reduce their energy bills and improve the comfort of their tenants. It is estimated that the scheme could save landlords up to £1,000 a year in energy costs and help reduce carbon emissions by up to 10%.
The scheme is part of a wider package of measures announced by the Welsh Government to tackle climate change. This includes plans to introduce a new energy efficiency rating system for rental properties, as well as a new energy efficiency advice service for landlords.
The Welsh Government has also announced plans to introduce a new ‘green deal’ for landlords, which will provide grants and loans to help them make energy efficiency improvements. This will be available from April 2021 and is expected to help reduce carbon emissions by up to 20%.
The Welsh Government’s new energy efficiency funding scheme is a welcome step towards reducing carbon emissions and improving the energy efficiency of rental properties in Wales. Landlords who are interested in applying for funding should contact their local authority or visit the Welsh Government website for more information.