The Green Deal is a government initiative aimed at improving the energy efficiency of homes throughout the UK and removes the barriers that discourage homeowners from installing low carbon measures. With the new innovative Green Deal financial mechanism, the need to pay up-front costs for energy efficiency measures is eliminated and provides assurances that the cost of the measures will be covered by savings on the energy bill. The scheme is due to commence with the first Green Deal customers from the 1 October 2012.
The process will involve a Green Deal Advisor visiting your home to set up a Green Deal Plan. You can then shop around for the best finance package from an authorised Green Deal Provider who secures funding and arranges the installation of measures by accredited installers. The capital cost is repaid by a ‘charge’ attached to the electricity bill and collected by your energy company over a maximum of 25 years. This loan is attached to the property and not to the homeowner. A Green Deal improved home is set to improve its saleability and increase its market value.
To ensure confidence in the Green Deal, customers will be protected by robust consumer protection and Green Deal providers will be responsible for looking after their customers throughout the duration of a Green Deal Plan. In addition, Green Deal Advisors and Green Deal installers will need to be certificated and a Green Deal Accredited which will apply strict standards including the requirement to sign up to the Green Deal Code of Practice. In order to encourage take-up up a Green Deal Plan, the Government has pledged £200million to provide cash backs in incentives for the first wave of Green Deal customers.
Measures available under the Green Deal scheme include insulations, condensing boilers, warm air heating, under floor heating, storage heaters, draught proofing, light fittings and controls, in addition to a range of micro-generation measures such as Solar PV and Solar thermal. In addition to the Green Deal financing, the new Energy Company Obligation will place responsibilities on the big energy companies to address energy efficiency of low income and vulnerable households with the provision of long term grants. Importantly, the grants will also cover homes that are deemed ‘hard to heat’ such as those with solid walls.
A total of 22 Green Deal Providers were announced by the Government this month. Yorkshire Energy Services (YES), an award winning Community Interest Company based in Huddersfield, West Yorkshire and Andover, Hampshire is an authorised Green Deal Provider. They have an established service of offering affordable energy saving solutions and expert advice to help home owners reduce carbon emissions and save money on fuel bills. Their ethos is around local labour and ensuring that small businesses will prosper and grow as a result of the Green Deal scheme.
For more information on the Green Deal, please contact Phyllis Boardman of PB Energy Solutions’ Green Deal Nationwide on 01942 829 568 or by visiting www.greendealnationwide.co.uk. Phyllis has partnered with YES and a reputable network of installers who are gearing up to be ‘Green Deal ready’ for the first customer on the 1 October 2012.
Phyllis Boardman BSc (Hons) CIHCM
20 April 2012