The Green Deal is the government’s flagship environmental policy. It is designed to help customers improve the energy efficiency of their homes without having to pay any upfront costs.
The policy came into place in October 2012 with the first energy efficiency measures being installed in customer’s homes from February 2013.
You can take out a Green Deal loan to cover the cost of energy efficiency works such as insulation, glazing or heating improvements. This Green Deal loan is then repaid through your electricity bill.
The loan amount available is calculated according to the ‘golden rule’ – which states that the repayment amount should be less than or equal to the energy bill savings achieved.
To access this Green Deal finance you must first have an accredited energy advisor visit your home to carry out an assessment.
This assessment results in a list of recommended measures and improvements, as well as detailing the likely levels of Green Deal finance available to you for each measure.
The list of applicable measures covers a wide range of different energy efficiency improvements including various types of insulation, draught proofing, energy efficient glazing, boilers, heating controls, under-floor heating, and renewable energy technologies; to name but a few.
You can then choose which of these measures you would like to go ahead with, and can approach any Green Deal provider who will provide you with a quote for the works, and arrange for the different measures to be installed by accredited Green Deal installers.
The Green Deal loan is paid off via your electricity bill. Your energy supplier passes this money on to the company that financed the work. The provider will have arrangements in place to pay the installers directly for the works.
The Green Deal loan is not a personal loan. It is not attached to you, the customer, but to your property. This means that the person enjoying the benefits of the energy efficiency measures is the one responsible for keeping up the payments.
As the payment amount should fit within the Golden Rule you should see no increase in your combined energy bills while repaying the loan amount.
We're working with a consortium of Local Authorities to launch Green Deal Together Community Interest Company to become a Green Deal Provider.
Our aim is to provide customers in these Local Authority areas with expert, independent advice, a great value Green Deal plan and excellent customer service delivered by trusted local installers.
If you are thinking about making energy efficient improvements to your home over the next 6-12 months and you live in the South or East of England then we'd like to hear from you.
Register an interest in our Green Deal provider service and we'll contact you in the new year with more details on our Green Deal service and how you might benefit.
Find out how to become a Green Deal Installer and help grow your business with our breakfast briefing events.
2013 Green Deal Together Community Interest Company. Incorporated as a Company Limited by Shares. Registered in England No. 8384603.