Local council sets up new fund to help residents save energy and money
A local authority is lending a helping hand to residents by creating a special fund that supports funding for installing renewable energy systems and making energy efficiency improvements to homes, businesses and community spaces, a news report in the local media has been able to suggest.
The new Camden Climate Fund consists of three different grants: households, community energy and business and is financed by Camden’s carbon offset payments, which are collected through the planning system when developments in Camden fall short of the Mayor of London’s carbon targets.
The household grant offers up to £7,500 to support residents and landlords install a range of renewable and energy efficiency measures to help reduce bills, improve energy efficiency and cut associated carbon emissions.
The community energy grant offers up to £15,000 for community energy groups to install and manage renewable energy systems that generate energy for the benefit of the local community in some form. This could be, for example, solar panels on a building such as a community centre or school.
The business grant offers up to £5,000 towards the installation costs of renewable technologies and/or energy efficiency improvements. Such measures include solar panels, lighting and heating upgrades.
Successful applicants are required to match fund 50 percent of costs, plus any additional amount over the maximum allowance. The 50 percent funding contribution is not required for households classified as ‘fuel poor’.
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