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The UK’s Labour government will invest £13B in a Warm Homes Fund to cut energy bills via solar panels, heat pumps, and low-cost financing with no upfront costs.
The UK’s Labour government plans to invest £13 billion in a “Warm Homes Fund” to help millions of households cut or eliminate energy bills by installing solar panels, heat pumps, and battery storage.
Energy Secretary Ed Miliband will unveil the initiative next month, offering grants and low-cost financing with no upfront costs, repayable over five to ten years.
The plan includes expanding access to green tech for homes without roof space, removing installation restrictions, and pairing technologies with flexible energy tariffs.
Officials say well-insulated homes with full systems could see bills drop by up to £90 monthly or reach zero, while also reducing emissions, improving energy security, and creating clean energy jobs.
El gobierno laborista del Reino Unido invertirá 13.000 millones de libras esterlinas en un Fondo de Casas Calientes para reducir las facturas de energía a través de paneles solares, bombas de calor y financiamiento de bajo costo sin costos iniciales.