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Safestyle UK Plc

People who retrofit homes for energy efficiency could get income tax credits

Income tax credits for people who retrofit their homes, rental properties and second homes to make them more energy efficient are proposed in a new plan from senior Government officials.

The Department of Finance has designed a new scheme that would allow such homeowners reduce their income tax bills by 13.5 per cent of the total amount of money they spend on energy-efficient renovations.

The work to the home that would qualify for the scheme would be wall, attic or floor insulation, upgrades to windows and doors,ventilation systems, the installation of wood-burning stoves and new renewable energy sources such as heat pumps and solar panels.

Safestyle UK PLC (LON:SFE) have been manufacturing and installing affordable, high quality, energy efficient and secure windows and doors for homeowners across England and Wales for over 20 years.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.