The Green Deal
The Green Deal is the Government's solution to the problem of a current lack of investment in energy saving measures in homes and non-domestic buildings. Many properties in the UK are very inefficient with regard to energy saving measures.
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The Green Deal aims to provide finance to fund fixed improvements to the energy efficiency of domestic and non-domestic properties, which will provide savings for the bill payer (and future bill payers).
The Green Deal will include a financial framework that enables energy saving measures to be paid for in installments via energy bills. The core principle is “The Golden Rule”, meaning that the instalment payment for the energy saving measures should not exceed the projected associated cost savings on an average bill for the duration of the Green Deal Finance arrangement, which could be for as long as 25 years.
Here's a brief summary of how The Green Deal will work:ADVICE: All households and businesses will be entitled to an energy efficiency assessment as part of The Green Deal. An accredited assessor will produce the assessment.
FINANCE: Green Deal will introduce a new finance mechanism enabling the cost of energy efficiency measures installed to be paid back via the energy bill.
INSTALLATION: Accredited installers will install the measures to the highest standard. Measures will also be approved to meet certain standards. This will ensure the energy efficiency measures deliver genuine energy bill and carbon savings and consumers have confidence in the advice, products and services they receive.
REPAYMENTS: Once energy efficiency improvements have been installed, a charge will be added to the energy meter at the property. This charge will enable the occupier to repay any Green Deal finance that was taken out via their energy bill. The repayment obligation will sit with the property and transfer to any new occupier.
This new iniatitive will be laucnhed in 2012 and
the Government are planing incentives for those who sign up early.
Register your interest below and we will contact you as soon as these
incentives are announced.
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