
What is the Green Deal?The Green Deal is a government scheme announced as part of the Energy Bill presented to Parliament in December 2010 which is designed to encourage home owners to make energy efficient improvements to their properties by offering them a way of paying back the costs through their normal energy bills. The key to the policy is that the amount paid back by the home owner should not exceed the energy savings they are making on their bill. How will it work?All home owners will be entitled to an assessment of their home's energy efficiency under the scheme, and will be provided with advice on the most appropriate measures to take. They will then go through a process to gain finance for the improvements. An accredited and approved installer will make the changes and the home owner will pay back the cost of the improvements through a charge added to their energy bill. The energy bill will also show the amount saved through increased energy efficiency. If the owner moves house during the payback period, the repayments pass to the new owner. How can I find out more?The details of how this policy will work in practice are being developed and we expect further announcements shortly, however, it is likely that a range of energy saving home improvements (e.g. insulation, micro-generation) will be included in the scheme. Watch this space for an update as soon as the government makes further details available. |
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