The Green Deal is a new way for you to pay for energy saving improvements to your domestic or commercial property. Launched in January 2013 by the UK government, it allows you to make a number of energy saving improvements to your home or business. These improvements can be things such as upgrading your boiler, installing loft and cavity wall insulation, or even adding a ‘micro-generation’ system such as solar panels.
Any household with an electricity meter (including prepayment meters) in Scotland, England, or Wales can use the scheme, and rental properties are also eligible. But landlords should be aware that any tenants must agree to the improvements if the rented premises is occupied.
How Is Green Deal Different?
The Green Deal differs from a standard loan because the repayments you will make on the loan will be covered by any energy bill savings that you make from having energy-saving home improvements installed. This system is called the "Golden Rule": you shouldn't pay back more in loan repayments than you are saving on your energy bill. However, the Golden Rule is not a guarantee but a guideline formed from energy-saving estimates.
That means you’ll only make overall savings on your energy bill once you have made all your repayments. The Green Deal also isn't like traditional personal loans because it is attached to the property rather than you as an individual. As a result, it will pass on to the next owner of your house if you should move.
If you’re considering a Green Deal plan, you will first need to arrange a visit from an accredited assessor such as Divine Energy. We will assess your home, advise you on what has been recommended, and explain what happens next.
The following installations will all be eligible for the Green Deal (both domestic and non-domestic) - simply use CTRL+F and type your desired improvement in to see if it is on the list:
Contact Devine Energy and learn how to use the Green Deal to make your property more energy efficient.