Energy Saving Stamp Duty Incentive

Energy Saving Stamp Duty – EEIG's Letter to the Chancellor

The Energy Efficiency Infrastructure Group (EEIG) has written to the Chancellor of the Exchequer, calling for support on an Energy Saving Stamp Incentive, to provide a long-term, revenue-neutral structural driver for retrofitting UK owner-occupied homes.

In a recent press release, EEIG explains how this incentive aims to encourage homeowners to improve their homes, against high and rising energy bills. EEIG claims that the proposal would incentivise the 19 million owner-occupied households in the UK to insulate their homes and install energy-efficient heating systems.

Commenting on recently announced funding for heat pumps in the Spending Review, EEIG notes that this was welcomed, but that it failed to take hold and reduce emissions from homes sufficiently. It needs to be accompanied by broader structural incentives for homeowners to act at scale.

EEIG states that an Energy Saving Stamp Duty Incentive will stimulate and support UK homeowners to invest in, and future-proof, their homes.

“Stroma Certification is very supportive of the EEIG and their letter to the Chancellor. We agree that the UK needs large structural changes to help incentivise and encourage homeowners to improve their homes and for this to start to happen at scale. We must have structures that support the industry but that don’t lead to boom-and-bust scenarios as we have seen in the past, and Stroma believes ideas, such as the one proposed here, will allow this to happen, as well as delivering in a cost-neutral way.” - Andrew Parkin – Managing Director at Stroma Certification.

View: EEIG’s Official Press Release.

View: EEIG’s Letter to the Chancellor of the Exchequer.