Green Deal for Landlords and Homeowners
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The Green Deal is an energy efficiency scheme providing funding to homeowners and landlords to undertake home improvements. Furthermore, the plans are a Pay As You Save scheme with very little or no upfront costs.
The Green Deal is a very significant energy-saving initiative for properties and facilitates funding for the installation of a considerable number of energy efficiency measures.
The Green Deal
The Department of Energy and Climate Change launched the Green Deal on 1st October 2012. Green Deal is an initiative by the UK Government to introduce energy saving measures and to install green technologies across homes and offices in the country. The concept is to install Green Deal products and technology in the properties with a loan attached to the property and not the person. This is a win-win situation for all parties where the home owner/landlord would benefit in the long run through the constant energy savings reflected in the bills. Government funding for this scheme was stopped in July 2015 with the change in government and subsequently reinstated by a private investment company following their Green Deal finance company acquisition.
Who is it for?
Who is the Green Deal for?
Green Deal can be particularly attractive to homeowners and landlords with properties that are below the minimum target energy rating of ‘E’.
Green Deal for landlords: The scheme could provide a path to compliance for many landlords renting properties with EPC ratings of F & G. Book an assessment now:
Green Deal for homeowners : The scheme could facilitate the funding of energy efficiency measures into your home making it cheaper to run, easier to heat and reducing its carbon emissions.
How does it Work?
How does it work?
The Green Deal is the most flexible financial option to install these improvements with little or no upfront costs to the landlord. The energy improvement works are financed through a loan. But, crucially, the loan is to the property – not the owner. The repayments on that loan are paid through the property’s electricity bills. Naturally installing energy efficiency measures into your property will produce cheaper bills.
Upfront costs: There could be little or no upfront cost depending on the current energy use of the property. A Green Deal Advice Report will be used to determine your specific contribution.
Loan repayments: This is processed through the electricity bill and will be paid by the bill-payer. Note that the bill itself will be cheaper than it used to be before the measures were installed.
Green Deal however, is not applicable on every property. An assessment is required to determine its eligibility and its ability to 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.
Evidently, should high increments on energy tariffs and/or irresponsible consumption of energy occur; this would generate a higher energy bill.
What measures could I install under the Green Deal?
- 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
Who is involved?
There are three key players in the entire process.
- GREEN DEAL Advisors: responsible to carry out assessments in the homes, calculate their energy consumption and advise on measures which would save on energy bills by installing GREEN DEAL products.
- GREEN DEAL Installers: for the installation of various measures and process and support.
- GREEN DEAL Providers: principal organisation certified to provide the finance for the installation of various energy efficiency measures, appoint suitably competent installers, project manage the works and provide the customer with the necessary warranties and certifications on completion.
As Green Deal providers, Eco-energi identify, plan and install energy saving measures for your property.
The Green Deal process
What are the steps involved?
- Green Deal Assessment: an accredited Assessor will visit your property and assess its individual energy-efficiency.
- Green Deal Advice Report (GDAR): the system provides you with a GDAR that will recommend energy-saving measures appropriate for your property that can be financed through the Green Deal.
- Quotation: Eco-energi will provide you with a Green Deal quote (estimated savings and expected energy performance rating) for the work.
- Installation: Eco-energi will arrange and manage the installations by appointing
- PAS 2030 Approved Installers.