Modernising ‘Stamp Duty Land Tax’ to become an ‘Energy Saving’ Stamp Duty would stimulate the housing market to ‘value’ energy performance in the same way it does kitchens, bathrooms and the state of repair of a home. A ‘rebate to renovate’ reward would incentivise homeowners to improve the energy performance of their homes within 2 years of purchase, driving a long-term mass-scale sustainable market for measures such as insulation, heat pumps and solar panels.
Key ideas in the briefing:
- Stamp duty would be nudged lower for better energy performing homes and higher for poorer performing homes, encouraging negotiation over selling prices
- Energy performance improvements within 2 years of purchase would trigger a rebate
- The incentive would be revenue neutral to the Treasury
- In addition, low-income households can be supported with an enhanced rebate worth around £1.8 billion per year, funded by Government
- It could drive over £8 billion of investment a year and stimulate jobs and skills nationwide
- It could reduce homeowner energy consumption by 8.5% by 2030
Download the briefing
Energy Saving Stamp Duty Incentive
Energy Saving Stamp Duty
The UK Green Building Council has been working with the Energy Efficiency Infrastructure Group over a number of years to develop the policy proposal and build widespread support. Over 50 major businesses and industry groupings are calling on the Government and all parties to back the proposal to get the retrofit market moving at scale.
Policy & Advocacy
UKGBC works with our members and with policymakers at all levels across the UK to advocate for a built environment that meets the challenges of the climate and ecological crises
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