Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if she will make an assessment of the potential merits of introducing a scheme to facilitate the installation of heat pumps in suitable homes with the cost structured as a long-term property linked loan as a means to promote the adoption of clean energy technologies.

Catalysing a market for green finance, which can help meet the costs of retrofit, is a Departmental priority. The Green Home Finance Accelerator is making £20m available to support the testing of innovative solutions. Twenty-six projects were awarded grants for initial development work. One, led by Leeds City Council, explored options for property linked finance. Twenty-three of these projects, including Leeds, recently applied to progress to pilot. Successful applicants will be announced shortly. Assessments of potential will be made once the pilots conclude.

Additionally, the Government has raised grants under the Boiler Upgrade Scheme to £7,500 to support households to replace fossil fuel boilers with low-carbon air-source heat pumps.