What is the Green Deal?
The Green Deal is a finance scheme that enables home owners to save money on their energy bills through installation of energy efficiency measures such as roof insulation, at no up-front cost.
Energy bills have risen dramatically in recent years and are predicted to rise further. By installing energy efficiency measures such as roof insulation, home owners can reduce the amount of energy they use and therefore save money in the long term. The UK Government estimates that the Green Deal and ECO will create around £14 billion worth of work over the next decade or so.
Independent and impartial advice on Green Deal/ECO is available from the Energy Saving Advice Service by calling on 0300 123 1234 or by visiting www.energysavingtrust.org.uk
How does it work?
Green Deal Providers can offer home owners a loan to pay for the energy efficiency measures they want installed in their home; they pay back the loan via the savings they make on their energy bills.
A Green Deal Assessor visits homeowners and tells them what energy efficiency measures would be suitable for their home and which would help reduce the cost of their energy bills. The Assessor draws up a plan which can be taken to a Green Deal Provider.
A Green Deal Provider reviews the plan and offers the homeowner a loan to pay for the energy efficiency measures to be installed in the home.
A Green Deal Installer visits the home, installs the energy efficiency measures, and informs the Provider that the work has been carried out. The work is registered with the Green Deal Oversight and Registration Body.