What is green deal?
Green Deal is the new proposed government initiative that will replace the current energy efficiency grants that are available. The scheme will be available from the February 2013.
The scheme will be available to both domestic consumers and businesses. It is designed to assist in the installation of many energy saving measures.
The new innovative Green Deal financial mechanism eliminates the need to pay upfront for energy efficiency measures and instead provides reassurances that the cost of the measures will be covered by savings on the electricity bill.
This is an exciting scheme for domestic customers, businesses and contractors that will be carrying out the work.
what type of work will be covered on green deal?
Compared to previous energy saving programmes Green Deal will cover a wide range of improvements as those shown in the list below.
|Heating, ventilation and air conditioning||
Heat recovery systems
Mechanical ventilation (non-domestic)
Flue gas recovery devices
Cavity wall insulation
Flat roof insulation
Internal wall insulation
External wall insulation
Heating system insulation (cylinder, pipes)
Energy efficient glazing and doors
|Water heating||Innovative hot water
Water efficient taps and showers
|Microgeneration||Ground and air
source heat pumps
Biomass boilers Micro-CHP
How will green deal work?
A registered Green Deal Assessor will carry out a survey of the property to determine if the property qualifies to have the work done through Green Deal. To qualify for Green Deal the proposed measure and the property must meet what the government call the "Golden Rule".
what is the golden rule?
The expected financial savings resulting from installing measures must be equal to or greater than the cost of repayment over the term of the Green Deal Plan. The repayment period may be the lifetime of the measure or a specified “pay-back” period.
If the estimated annual saving is expected to be equal to or greater than the expected annual repayment costs, the Green Deal “plan” can be said to meet the Golden Rule and can go ahead. The Green Deal Provider should have the flexibility to vary costs to produce the best offer for the customer.
Do I Have to pay anything towards the cost?
Green Deal is designed to remove the barriers that prevent homeowners from making energy efficiency improvements in the home. One of the main barriers is the initial financial investment required. The Green Deal will change this so that at the point when the work is carried out the homeowner pays nothing. The cost of the work is recovered from the homeowner from the estimated saving of the installed measure. The savings are then added to the electric bill of the consumer spread over the calculated savings over time.
What happens if i move home?
The Green Deal improvement is tied to the property. Any new occupant will continue to pay the remaining repayments on the bills, as that property is still enjoying the benefit of that improvement.
The steps you need to take for a Green Deal
1. Book a Green Deal Assessment
(call 0870 042 1267)
2. Get your Green Deal Plan
3. Get quotes for the work you require
4. Agree and sign up for the Green Deal
5. Enjoy the benefits