What Is Green Deal?
The Green Deal is a new scheme run out by the Government, to help households reduce carbon emission, making them more energy efficient. Some work that can be carried out on households under the Green Deal includes; installing insulation, double glazing, installing a new boiler or even a micro-generation system i.e. solar panels.
What are the Benefits of the Green Deal?
One major benefits of the Green Deal is that it differs from a normal bank loan. Unlike a bank loan, the Green Deal is attached to your property, not you as individual. This means that should you decide to move, the Green Deal will pass on to the next owner.
However, the Green Deal also states that you should not pay back more in loan repayments than you are saving on your energy bill. So the repayments that you make towards the Green Deal, should be covered by the savings on your energy bill; meaning your monthly bills won't be any different to the usual amounts.
Who Can Claim The Green Deal
All home owners are eligible for the Green Deal; however, there is usually a fee of around £100 - £150. This fee is for an assessor to inspect your home, and work out where all the wasted energy is coming from. They will also check your energy bills, and ask questions about your usage etc...
Furthermore, if you are a tenant you may also be eligible for the Green Deal, should you receive permission from your landlord.
The Green Deal is not ideal for everyone, and is dependent on your personal circumstances. However, if you struggle to keep your home warm, or are a high energy user, then it could be the perfect solution for you.