Cheaper Eco-Friendly Homes: Dream or Reality?
The president of the National Association of Estate Agents (NAEA) called for action in making homes greener. Stewart Lilly is keen to see more work done regarding existing homes suggesting that devices which make homes more energy efficiency should be VAT-free. He added:
[VAT rebates] can only encourage people to introduce more energy efficiency into their existing homes
Buy-to-let landlords would also benefit from this kind of VAT change, if they can also take advantage of this tax exemption in their properties as they could decrease energy bills. Consequently people would be keen to live in cheaper eco-friendly homes.
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