How to Save Money and the Planet with a Greener Home Reward from Barclays

If you’re looking for a way to make your home more energy-efficient and reduce your carbon footprint, you might be interested in the Greener Home Reward from Barclays. This is a scheme that offers you cashback when you take out a mortgage or remortgage with Barclays and make green home improvements. In this blog post, we’ll explain how the Greener Home Reward works, what benefits it offers, and how you can apply for it.

What is the Greener Home Reward?

The Greener Home Reward is a cashback scheme that rewards you for making your home more eco-friendly. It’s available to new and existing Barclays mortgage customers who take out a mortgage or remortgage with Barclays and make one or more eligible green home improvements within 12 months of completion.

The eligible green home improvements are:

• Installing solar panels
• Installing an air source heat pump
• Installing a ground source heat pump
• Installing cavity wall insulation
• Installing loft insulation
• Installing floor insulation
• Installing flat roof insulation
• Installing room in roof insulation
• Installing internal wall insulation
• Installing external wall insulation
• Installing double glazing, triple glazing or secondary glazing
• Installing an energy-efficient boiler

You can choose to make one or more of these improvements, depending on your budget and needs. The more improvements you make, the more cashback you can get.

What are the benefits of the Greener Home Reward?

The Greener Home Reward offers you several benefits, such as:

• Saving money on your energy bills: By making your home more energy-efficient, you can reduce your energy consumption and lower your bills. According to the Energy Saving Trust, you could save up to £600 a year by making some of these improvements.
• Reducing your carbon footprint: By using less energy and generating your own renewable energy, you can reduce your greenhouse gas emissions and help fight climate change. According to the Energy Saving Trust, you could save up to 2.7 tonnes of CO2 a year by making some of these improvements.
• Getting cashback: Depending on how many improvements you make and how much you borrow, you can get up to £1,000 cashback from Barclays. You can use this money to cover some of the costs of the improvements or spend it as you wish.
• Enjoying a lower interest rate: If you choose to take out a Green Home Mortgage from Barclays, which is a type of mortgage that offers a lower interest rate for customers who buy or remortgage an energy-efficient property, you can also enjoy a lower monthly payment and save money in the long term.

How can I apply for the Greener Home Reward?

To apply for the Greener Home Reward, you need to follow these steps:

• Check if you’re eligible: You need to be a new or existing Barclays mortgage customer who takes out a mortgage or remortgage with Barclays and makes one or more eligible green home improvements within 12 months of completion. You also need to borrow at least £100,000 and have a loan-to-value (LTV) ratio of 85% or less.
• Choose your mortgage: You can choose any Barclays mortgage product that suits your needs and circumstances, including fixed-rate, tracker, offset and Green Home Mortgages. You can compare different mortgage options on the Barclays website or speak to a mortgage adviser.
• Choose your green home improvements: You can decide which eligible green home improvements you want to make, based on your budget and needs. You can find more information about each improvement on the Energy Saving Trust website or speak to an MCS Accredited installer like us at NXTGEN Energy Ltd.
• Apply for your mortgage: You can apply for your mortgage online, over the phone or in branch. You’ll need to provide some personal and financial details, as well as evidence of the green home improvements you plan to make, such as quotes from installers or Energy Performance Certificates (EPCs).
• Complete your mortgage: Once your mortgage application is approved, you’ll need to complete the legal and valuation process and sign the mortgage offer. You’ll then receive the funds to buy or remortgage your property.
• Make your green home improvements: After completing your mortgage, you’ll have 12 months to make your green home improvements. You’ll need to use accredited installers who are registered with TrustMark or the Microgeneration Certification Scheme (MCS), NXTGEN Energy are accredited by TrustMark and we are MCS Certified Solar PV Installers and also MCS Certified Battery Storage Installers, so we can install your complete Solar PV System to the high standards as set by MCS Certification Standards.
• Claim your cashback: Once your green home improvements are done, you’ll need to submit proof of completion, such as invoices from your installers or updated EPCs, to Barclays within 21 days. You’ll then receive your cashback within 30 days.

Ready to go greener?

If you’re interested in the Greener Home Reward and want to find out more, you can visit the Barclays website at Greener Home Reward | Barclays or contact them directly. You can also use their mortgage calculator to get an estimate of how much you could borrow and how much you could save with a Green Home Mortgage. Whether you’re buying a new home or remortgaging your existing one, the Greener Home Reward can help you make your home more eco-friendly and save money at the same time. So why not go greener today with NXTGEN Energy as we can help you with free advice, a free no-obligation quote and solar PV system design service. Call us today on 01268 928 690 or click on the button below to start your solar journey with NXTGEN Energy.