The Government is set to offer `green home loans` to homeowners looking to make their homes more eco-friendly, according to The Times.
Households will be offered low-interest loans to help pay for things like double-glazing, insulation, solar panels and heat pumps which draw energy from the ground.
The loans are likely to average between £10,000 and £15,000 per household, says The Times, and would be secured against the homeowner`s property. They would be repaid over a period of up to 25 years, and would remain with the property even if the home is sold.
Despite the expense, these loans are expected to pay for themselves thanks to the savings on energy bills – and the features which they would be used to fund would, in many cases, also add to the value of the property.
The green loans are expected to be offered by high street banks, in partnership with local councils.