Thursday, 31 January 2013

The Green Deal energy efficiency scheme

The Green Deal is a new government initiative designed to help households cut energy bills and carbon emissions by providing loans for energy efficiency improvements to homes.

To sign up, you will need to book an assessment for your home, typically at a cost of £80-£150 – although some firms are offering them for free.

You will then be visited by a Green Deal Assessor who will recommend improvements to your property and indicate if they will ‘pay for themselves’ through reductions in your energy bills. You can accept as many or few of these measures as you wish.

The scheme allows householders can take out 10 to 25 year loans to pay for the improvements. The repayments are added to energy bills with the intention that the improvements will lead to lower energy consumption, offsetting the extra cost.

Suppliers can also pass on a further setup cost of £63 for the loan, and annual operating costs of £20, to customers.

If you choose to switch energy companies then the loan will move to the new provider.
The loan is tied to the house, not the person, so if you were to move home the loan would be passed on to the new owners.

If you’re a landlord, you must get your tenant’s permission before you sign up, and if you’re a tenant you must get your landlord’s permission to sign up - this also applies to social housing.

The first people to take up the scheme can apply for cash back from a government pot, with sums varying from £10 to £1,000 available depending on the improvements being installed.

full article

1 comment:

Raj nandini said...
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