The Green Deal
What is the Green Deal?
The Green Deal is the DECC's (Department of Energy and Climate Change) flagship policy to tackle carbon emission reduction. This translates as helping home owners, landlords and tenants to reduce their energy usage therefore lowering their bills.
The Green Deal is not a simple policy, as it covers over 40 different measures, such as heating and insulation and is targeted as various groups of people. There are also other schemes under the Green Deal umbrella such as ECO (Energy Company Obligation) and GDHIF (Green Deal Home Improvement Fund). The funding from some of these schemes is not always constant and being prepared and informed is vital.
How the Green Deal works
You can make energy-saving improvements to your home or business without having to pay the costs up front through the Green Deal. Some non-repayable grants may also be available. Energy-saving improvements include:
Insulation - eg loft or cavity wall insulation
Renewable energy technologies - eg solar panels or wind turbines
The Golden Rule
The Green Deal is about making sure the consumer, either domestic or business, will be able to afford to undertake energy efficiency measures. Consumers will be free to pay for the works up front, in whole or in part, but under the Green Deal can also repay the costs through their electricity bills.
The Golden Rule for accessing the Green Deal Finance is that the cost of the improvement works should not exceed the expected savings. Additionally the length of time that it takes to pay back the cost of the measure should not exceed the lifetime of the measure itself.
What you need to do
Contact us to discuss whether you could benefit from The Green Deal or ECO funding and what improvements you can make and how much you could save on your energy bills. In order to work out the correct amount of funding available to you, your home must be assessed for it's energy performance. The scheme provider will then be able to work out the savings on your energy bill if you have a measure installed. If you wish to go ahead with the improvements, once you have all the information, you must sign your Green Deal Plan - this is a contract between you and the Green Deal Provider stating what work will be done, how much it will cost and how any payment from you will be made. The provider will then arrange for us to re-contact you to carry out the work.
For more information, please contact us or go to DECC's website.