
There is a lot of hype over the government’s new Green Deal, which has been billed as the largest home improvement scheme since the Second World War. The scheme will create new jobs, improve the nation’s energy efficiency levels and create a better future. But how will this affect you and how can you benefit from it?
Fundamentally, the Green Deal has been created to improve our homes and commercial buildings, making them more comfortable and energy efficient. On a larger scale, this will help to reduce the nation’s carbon emissions.
Let’s look closer at the Green Deal and try to answer some of the most common questions.
Will the Green Deal cost me a lot of money?
The idea behind the Green Deal is to make it financially viable for all property owners to benefit from better insulation. With the Green Deal, it will be possible to get an upfront loan which will cover the cost of home improvements. This will range somewhere between £6k and £10k per property, although this will vary depending on the work carried out. The repayments of the loan will be added to the property’s energy bill.
Will my bills be too expensive with the added loan repayments?
The people behind the Green Deal have created rules and structures which will protect property owners from paying back more than they can afford. The Green Deal’s “Golden Rule” states that improvement measures must provide savings which are equal to or more than the cost of the loan. In other words, your energy bills cannot increase. This means you will have a warmer, better insulated home, without paying any more money for it.
What can I use the Green Deal funding for?
Insulation
Britain is said to have some of Europe’s most poorly insulated property. For this reason, the Green Deal will primarily provide funding for energy insulation. This will include loft insulation, wall insulation, double glazed windows and energy efficient exterior doors.
Energy Generation
The government are keen for British property owners to start generating their own power. People often laugh at the idea of using solar panels in the UK, but believe it or not, we actually have more than enough sunlight to generate a substantial amount of our home energy needs. It is also possible to sell this power to the National Grid. As well as solar panels, other micro generation systems will be available such as air and ground source heat pumps.
Who will install the improvement measures?
To protect consumers of the Green Deal scheme, the government have created a training and accreditation system which all Green Deal installers and assessors must complete before they can carry out any Green Deal work.
Where can I get a Green Deal loan?
Trusted and reputable high street brands like Tesco, B&Q and Marks and Spencer will provide Green Deal loans and it is likely that many other companies will get involved as the Green Deal kicks off.
I’m interested in Green Deal improvements, but we plan to move house soon, then what?
The Green Deal loan is unique in that it is attached to the property, not the person who takes out the loan in the first place. This means that if you sell your house, the bill will be passed to the new owner, who will benefit from the energy efficiency improvements. This also applies to rental properties, where only the current tenant will pay the loan repayments.
What is the main reason I should get involved in the Green Deal?
As energy costs continue to increase, we all need to find ways to cut our energy bills. The Green Deal offers a sustainable way to reduce your energy bills and create a warmer, more comfortable home for yourself and your family, without having to use your own money.
Yale door supply highly effective, energy efficient doors which will be available to purchase with Green Deal funding. To learn more about how a composite door will make your home more energy efficient, you can read more about our energy rating system or speak to one of our friendly advisors today on 0800 787 9253.