At a time when environmental issues and energy efficiency are very high on everyone’s agenda, the government have created an initiative – known as the Green Deal – designed to increase energy efficiency at affordable prices.
Green Deal Energy Saving Home Improvements
Green Deal installers and providers will make energy-saving home improvements, like insulation, heating, draught-proofing, double glazing and even renewable energy technologies (such as solar panels or wind turbines) for no upfront costs. Without loans, the scheme lets you pay for improvements over time via your electricity bill. Repayments will be no more than what should be saved in energy costs.
Green Deal Providers
There are many different Green Deal providers and installers on board with the scheme, including private energy firms, energy utility companies, home improvement companies such as Swish Windows and accredited retailers such as Tesco, B&Q and Marks & Spencer.
Green Deal Process
The Green Deal starts with an impartial property assessment from a Green Deal Assessor, which can be arranged through a Green Deal provider. They will discuss energy efficiency improvements and then a Green Deal Approved provider can install the work. Once completed, you’ll pay the instalments through electricity bills.
The Green Deal ‘Golden Rule’ says that ‘predicted savings from energy efficiency improvements must equal or exceed the cost of installation’, and both domestic and commercial customers will be provided with installations from Green Deal Providers that best suit their needs, as well as support and advice.
Particularly, additional support – and in some cases financial assistance for vulnerable members of society, low income families and people living in outdated properties. The government also intends to introduce Energy Company Obligations (ECOs) designed to make heating homes more affordable for people receiving benefits and pensioners over the age of 70.
You can also get the Green Deal for rented residential properties â€“ but both landlord and tenant must give permission. The scheme also applies to social housing tenants and providers. But the person who pays the electricity bill pays the repayments – so tenants pay back the costs, not the landlord. If you move into a Green Deal property, the landlord or seller will show you its Energy Performance Certificate, explaining what improvements have been made and how much you’ll need to repay.
Green Deal Cashback Scheme
There is also a limited Green Deal Cashback Scheme where households can claim cash back from the Government on energy-saving improvements like insulation, front doors, windows and boilers.