Green Deal

shutterstock_145043878What the Green Deal covers

The measures covered by the Green Deal for residential are,

  • insulation
  • heating and hot water
  • glazing
  • microgeneration (generating your own energy).

The steps to a Green deal

  • Assessment
  • Finance through a Green deal Provider
  • Installation
  • Repayment

Assessment

  • 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

Finance

  • 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

shutterstock_122059189Installation

  • The Green Deal Provider will arrange for a Green Deal installer to complete the work you have agreed to.

Repayment

  • 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.