Green Deal


Green Deal City

 

WHAT IS GREEN DEAL?

The Green Deal aims to fund energy-saving upgrades for your home without any upfront costs. Instead, the costs are added to your energy bills and staggered over time, like a loan.

So if you want to replace your boiler with a more energy-efficient model, or want to install draught-proofing or loft and wall insulation you can do so using a Green Deal Loan.

You’ll still be charged for the improvements, but the cost will be repaid over time as an additional charge on your energy bill. However, the ‘golden rule’ of the Green Deal is that your repayments will have to be less than the money you will save on your energy bills. The Green Deal is essentially a loan from the private companies installing these energy efficiency measures. There’s a maximum amount of £6,500 per household and, crucially, this is tied to the home rather than the owner, so if you move house the debt is passed on to whoever lives there next.

The loan is then paid back through the electricity bill over a 25-year period.
Unlike many other home improvement initiatives, the Green Deal is not dependent on people’s income and the loans are available to everyone.

HOW THE GREEN DEAL WORKS

You can make energy-saving improvements to your home or business without having to pay all the costs up front through the Green Deal.

You can make energy-saving improvements to your home or business without having to pay all the costs up front through the Green Deal.
Energy Saving improvements include:

  1. Insulation – e.g. loft or cavity wall insulation.
  2. Heating
  3. Draught proofing
  4. Double Glazing
  5. Renewable energy
  6. Technologies -e.g. Solar panels or wind turbines

You may be able to claim money back from the government for your Green Deal home improvements through the Cashback scheme.

WHAT YOU NEED TO DO

Get an assessment of your property to see what improvements you can make and how much you could save on your energy bills. Use the assessment to apply for the Cashback scheme if you qualify. Choose a Green Deal provider to carry out the work. You discuss with them what work you want done and whether the Green Deal is right for you. If you go ahead with the improvements you must sign your Green Deal Plan – this is a contract between you and the provider stating what work will be done and how much it will cost. The provider will then arrange for a Green Deal installer to do the work. Once the work is done, you’ll pay off the money in instalments through your electricity bill.

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.

All Green Deal organisations must be authorised – look for the quality mark. Get more information about the Green Deal.

Green Deal

Energy Saving Advice Service
Telephone : 0300 1231234
Monday to Friday, 9am to 8pm
Saturday, 10am to 2pm

Or Following the link

https://www.gov.uk/green-deal-energy-saving-measures/how-the-green-deal-works

ALL ABOVE INFORMATION FROM WELCOME TO GOV.UK (updated 01.01.2014)

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