The Governments latest environmental move The Green Deal has already come into effect. You may have heard and seen it discussed on the news but will it really benefit homeowners?The government say that the scheme has been introduced to allow the general public to make energy saving improvements to their homes and businesses without having to pay all of the costs up front; changes that will ultimately save the homeowner money on their energy bills. These include loft or cavity wall insulation, heating, draught proofing, double glazing or those improvements which utilise renewable energy technologies such as solar panels or wind turbines. In addition, the government have offered cash back on a first come first serve basis as an incentive to kick-start the programme.How does the Green Deal work?
- Firstly it is necessary to obtain a formal assessment of the property in order to establish what improvements could be made through the Scheme and to try and ascertain how much could be saved on energy bills as a result of those improvements. The key principle of the Green Deal is that for the funding to be available the energy improvements need to pay for themselves through resulting savings on energy bills.
- Following the assessment the work is undertaken by a Green Deal Provider
- Once the work has been completed the client starts to pay for the work in instalments through their energy bills. The main advantage of this approach for the client is that they only pay for the improvement whilst they still own the property. Once the property is sold the new owner takes over the Green Deal Plan and continues the payments remaining.