Green Deal is the government’s initiative to reduce the nation’s carbon footprint. A quarter of all the UK’s carbon emissions come from the energy consumed within our homes. A similar quantity is consumed by business.
The Green Deal will enable many households and businesses to improve the energy efficiency of their properties. By doing so, less energy will be consumed and energy costs will be reduced.
Click on this link to watch a short film illustrating how the Green Deal will work. www.youtube.com/watch
Repayment on the installation of energy efficiency measures must be less than the predicted savings on the energy bill. This is known as the “Golden Rule”
There are five steps to Green Deal:
Eco-Exmoor Devon is working to become a Green Deal installer, in readiness for the launch of Green Deal, late in 2012. We are currently MCS registered with NICEIC and are working with them for Green Deal registration.
Eco-Exmoor recommends that customers obtain further information from impartial sources such as the Energy Saving Trust and DECC?
The aim of Green Deal is to help meet the up-front costs associated with making your property more efficient. There is no conventional loan; rather the costs are paid back through a premium applied to your energy bill.
Green Deal is a new government initiative designed to help meet the upfront cost of making your home more energy efficient. Due to be launched in late, the Green Deal will allow you to install energy-efficiency measures and pay for the improvements with the savings on your fuel bill. Although you will repay the cost over time, this is not a conventional personal loan as the charge is attached to the meter and paid back through your fuel bill. If you move out, the idea is that the new occupant will pick up the charge while also benefiting from a more energy-efficient property.
The energy efficiency measures will be installed by an accredited Green Deal installer.
A loan interest loan is made available to the customer for the installation of energy efficiency measures. The loan is linked to the property rather than the customer. The loan repayment must be in line with the GOLDEN RULE!
Immediately the energy efficiency measures are installed, the customer will see energy savings, reflected in their bill. These savings will reduce the carbon footprint of the property and will hedge against future energy price increases.
Additionally, energy efficiency measures provide an insurance against energy insecurity. This is very pertinent when an increasing amount of the UK’s energy needs are met from sources abroad, particularly those outside the European Union.
The Green Deal Advisor recommends suitable energy efficiency improvements. He will also identify if there are an grants available from the Energy Company Obligation (ECO).
The customer employs a Green Deal Advisor to perform an Energy Assessment on the property. This will identify the potential for energy efficiency improvement through the installation of measures.