The Green Deal scheme has been set up to encourage home owners and landlords to improve energy efficiency in their homes and properties. This can be done by undertaking certain home improvements in your home(s). Energy escapes from property in more ways than is generally recognised, costing more money each year, last year the UK wasted £7 billion of energy. By taking advantage of the Green Deal Scheme it is hoped that the UK can cut down on the energy lost in to our atmosphere thus reducing a property’s monthly energy bills. Not only will the Green Deal be providing UK houses with much needed home improvements but there will also be no upfront cost.
With The Green Deal scheme there is no upfront costs. The way you pay back The Green Deal loan is through your energy bills. Your energy bills will include a Green Deal charge. The scheme follows the ‘golden rule’ which means that although your bills will include a Green Deal charge your bills will either be the less than or equal to what you are already paying. The way the Golden rule is calculated is by having an GDA (Green Deal Assessor) visit your home to complete a full assessment on your property. They will then complete a report yo calculate the total benefit from the improvements suggested. If that benefit outweighs the cost to undertake the work, you are eligible for the scheme. You make then take your report to a provider or a qualified local installer for the work to be carried out.
Although you are paying similar amounts to your energy provider each month, the home improvements made will no doubt increase the value of your home to a potential new buyer. You can make up to £10,000 worth of home improvements out with the Green Deal to help make you home energy efficient. For a list of measures visit our Green Deal Measures page. The loan will then stay with the property not the individual, so if you were to move out of the property the loan will then be passed on to the next owners.
If you are interested in The Green Deal or want to know more contact us today on 0800 080 7997 or fill in our online enquiry form.