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UK households to get £15bn for solar and green tech to lower energy bills

UK households to get £15bn for solar and green tech to lower energy bills

Summary

The UK government has announced a £15 billion plan to help households install solar panels and other green technologies to reduce energy bills. The Warm Homes Plan aims to triple the number of homes with solar installations and lift one million people out of fuel poverty. The plan includes grants, loans, and new rights for renters, although some critics worry about the costs and reliance on foreign-made technology.

Key Facts

  • The UK government will provide £15 billion over five years to support solar panels and green technologies for homes.
  • The plan aims to increase solar installations and reduce fuel poverty for one million people.
  • Households can receive low-interest loans and grants to help with the costs of green technology.
  • An extension of the Boiler Upgrade Scheme and extra funding for low-income households are included.
  • The plan could create up to 180,000 new jobs in the clean heating sector.
  • Critics argue that the scheme may depend too much on foreign-manufactured components, potentially impacting British industry.
  • The plan does not fully address home insulation, due to past issues with related schemes.
  • The government says more discussion with the finance sector is needed for new funding distribution.

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