What the Green Deal covers
The measures covered by the Green Deal for residential are,
- heating and hot water
- microgeneration (generating your own energy).
The steps to a Green deal
- Finance through a Green deal Provider
- This is carried out in your home by a Green Deal Advisor or Assessor. using software to determine what energy improvements can be made and the financial savings.
- Outline how the payments will work
- Identify which improvements are likely to be cost effective
- Produce a Green Deal advice report outlining your options
- Declare any links they have with Green Deal Providers.
- State the fees they charge for their services
- Take the Green Deal advice report to a Green Deal Provider
- The Provider will make an offer to provide the finance.
- Sign the offer of a Green Deal Plan, which is a legal contract between you and the Provider.
- The Green Deal Provider will fund the improvements
- The Green Deal Provider will arrange for a Green Deal installer to complete the work you have agreed to.
- The charge is attached to the electricity meter in your house and repaid through your electricity bill and not as a conventional loan. The charge is repaid over a period of time determined by the Green Deal Provider through your electricity supplier.
- You pay back the cost of the improvements over time through your electricity bill. Your electricity supplier will pass your payments on to your Green Deal Provider.
- If you move out, the new occupant will pick up the charge.
- Interest will be charged on these payments, the rate will be fixed by the Green Deal Provider.
- You will be able to pay off the plan early if you choose, although the Provider may charge a fee for this.