Here is your quick start guide to the new Green Deal. You will find some of our most frequently asked questions below about the Green Deal plan. For more information or to book your free consultation drop us a line using the contact form.
Who can claim Green Deal?
If you own your own home (or are a landlord who owns properties) then you are eligible to apply for Green Deal Finance.
Who runs the Green Deal?
We are approved Green Deal providers. When you come to Eco-energi for your Green Deal we will make all the arrangements and manage the Green Deal for you.
Who pays for the Green Deal assessment?
You will need to pay a small fee for your Green Deal assessment. You will receive the fee back if the Green Deal offer is taken up.
Who provides Green Deal finance?
The Green Deal Finance Company was bought from the Government at the beginning of this year and is now run by a private company. You can read more about the new Green Deal arrangements here.
How will the Green Deal benefit me?
The Green Deal has been designed to specifically cover home improvements related to energy efficiency measures. If your energy rating (as demonstrated by your EPC) is poor, energy efficiency measures could result in:
• Cheaper bills.
• A warmer, healthier home.
• Improved marketability of your property.
How many Green Deal measures are there?
At the moment there are 14 different measures that can be covered by your Green Deal finance. These include:
- New or replacement boiler (condensing, biomass)
- Solid Wall (internal & external)/ Loft/ Floor Insulation
- Cavity Wall Insulation
- Heating/ Hot Water/ Lighting Controls
- Heating System Insulation
- Ground and air source heat pumps
- Fan assisted storage heaters
- Flue gas recovery devices
- Innovative hot water systems
- Draught proofing
How do Green Deal repayments work?
The main difference between Green Deal and a standard loan is that the Green Deal loan is to the property (rather than the owner). Loan repayments are made through the regular energy bill which is expected to be lower than before improvements.
This is why an assessment is required to determine eligibility. The property must meet the “GOLDEN RULE”. According to the Golden Rule, the energy savings should always be greater than or equal to the repayments. The installations of energy efficiency measures must generate a considerable amount of savings on the customer’s energy bill for this rule to be met.
How much will the Green Deal cost me?
It depends on the assessment and resulting Green Deal Plan. As an approved Assessor, Eco-energi will work out what you need to have done. Here are two actual examples. One customer had a Green Deal Plan where the works cost £3,960 and she contributed £710 towards them. Another customers works totalled £4,200 and ended up making no contribution. In short, you need to get your home assessed before we can tell you the cost, if any, of your contribution.
What if I sell my property?
No problem! If you sell your property the new owners will continue to pay back the loan on the electricity bill while enjoying cheaper energy bills. The finance stays with property it has been used to improve.
Are Green Deal plans subject to status?
In short, yes. When applying for a Green Deal loan there will still be eligibility checks made to determine that it is ok to go ahead with the loan.
If you think that the Green Deal sounds like the answer to your home improvement needs, then give us call on 01344 876 672 or complete the form on this page and we will be happy to speak to you. If you would like more information feel free to continue browsing the website or you can call or email with any questions that you may have.