Green Deal, the Governments flagship policy to revolutionise the energy efficiency of British properties due to launch in October 2012. In a nutshell this is how it will work - both home owners and tenants will be able to make energy efficiency improvements to their homes at no upfront cost. The costs will be recouped through a charge (made in instalments) on normal gas and electricity bills. The ‘Golden Rule’ is that the expected financial savings on utility costs (gas/electricity) must be equal to, or greater than, the costs attached to gas/electricity bills. This means utility consumers can see the Green Deal charge alongside reductions in energy use which generate savings on their bill. It also means that when you leave the property, and cease to be the bill-payer at that property, the financial obligation doesn’t move with you but moves to the next bill payer. The charge is only paid while the energy savings are enjoyed - the Green Deal differs from existing lending – it is not a conventional loan.
To tap into the Green Deal you will need an Green Deal Report carried out on your home via a ‘Green Deal Advisor’. The Green Deal Report will highlight energy saving recommendations that your Green Deal Advisor will discuss with you. If you decide that the improvements are something you wish to make (e.g. loft insulation, cavity wall insulation, new A rated boiler) your Green Deal Advisor will be able to recommend accredited Green Deal providers and accredited installers. Once the work is completed the repayments will be collected via your normal gas/electricity bills.
Hopefully this will have given you the outline of the Green Deal, which replaces current insulation grants, later this year. In our April blog we’ll give you an update on how the changes are progressing and how it may affect your choices...in the meantime we'd like to know what you think about it and if you would like to know more, contact Mark Randall on 01733 866446 or mark.randall@pcl-ltd.co.uk
To tap into the Green Deal you will need an Green Deal Report carried out on your home via a ‘Green Deal Advisor’. The Green Deal Report will highlight energy saving recommendations that your Green Deal Advisor will discuss with you. If you decide that the improvements are something you wish to make (e.g. loft insulation, cavity wall insulation, new A rated boiler) your Green Deal Advisor will be able to recommend accredited Green Deal providers and accredited installers. Once the work is completed the repayments will be collected via your normal gas/electricity bills.
Hopefully this will have given you the outline of the Green Deal, which replaces current insulation grants, later this year. In our April blog we’ll give you an update on how the changes are progressing and how it may affect your choices...in the meantime we'd like to know what you think about it and if you would like to know more, contact Mark Randall on 01733 866446 or mark.randall@pcl-ltd.co.uk
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