Welcome to Green Deal Direct!
The Government-backed Green Deal initiative helps bill payers make energy saving improvements to keep homes warm with no up-front cost. Households can pay for the improvements with the savings expected to be made on energy bills.
ECO, a subsidy from energy suppliers, will provide extra help for those most in need with certain qualifying benefits for properties that are harder to treat.
The eagerly anticipated project launched last month has been designed as an incentive for UK home and business owners to reduce carbon emissions. The policy enables installation of a range of Green Deal measures, which are implemented through the Green Deal loan scheme.
Payments are then taken directly from savings on the energy bill over the chosen technology’s lifetime.
Repayment levels will be based on typical energy bills for a home like yours. Since most Green Deal improvements reduce the energy used for heating, in most cases this means typical heating costs. The Green Deal is designed to try to save you at least as much money as you will have to repay. The actual level of your savings will depend on how much energy you use and the future cost of energy.
Caution: If you are a low user of energy then your savings may be lower than your repayments. Your advisor will help you to work out what savings you would be likely to make.”
The more you currently use your heating, the more you are likely to save. The scheme is worked out so that a typical household will break even on the repayments. So we need to work out if you are a high/low user.
The Green Deal repayment charge will be added to your normal electricity bill. It will be shown as a separate charge
The expected financial savings must be equal to or greater than the costs attached to the energy bill, known as “the golden rule” of the Green Deal.
The key principle, or golden rule, for accessing Green Deal finance is that the charge attached to the bill should not exceed the expected savings, and the length of the payment period should not exceed the expected lifetime of the measures. This is not a government guarantee but a guideline for customers that, typically, they should be able to expect to gain more efficient, less wasteful properties with no additional net cost from the Green Deal.
And, of course, one key advantage with Green Deal is that the consumer is able to stop paying once they move out of the property and cease to be the bill payer at the address – unlike personal loans where borrowers have to keep repaying even if they are no longer enjoying the benefits.
The Green Deal Summary:
- The Green Deal is a way to improve a home without paying to install measures upfront.
- The Green Deal is a new kind of loan to a property, not to a person. The loan may include interest.
- Repayments are made through electricity bills and any savings would be on heating bills if insulation/energy efficiency measures had been installed.
What does this mean for our customers?
Before any person enters into a Green Deal plan, their building must first be reviewed for suitability by a Green Deal assessor.
The benefit and reassurance with Green Deal Direct means our customers are protected from unethical sales tactics of home improvement companies cashing in on the governments Green Deal proposition. Possibly leaving customers with poorly designed energy efficiency systems or even inappropriate measures.
As approved qualified Domestic Energy & Green Deal Assessors we are required to comply with national standards. On-going advice is provided by a Qualified Green Deal Advisor. The next step involves a Green Deal Advice Report which is accumulated for customers with the assessors looking at:
- The fabric of the building, condition and materials used.
- How the building is used, what hours is the building used, what purpose
By also considering regional weather patterns to calculate the savings that can be achieved based on accurate recommendations.
Ground Breaking Products
All of our Energy Efficiency Measures will be officially approved. EEM’s will not only ensure your product qualifies for Green Deal, but will also give you peace of mind for years to come with your quality products. Our products will reduce your energy bills and also reduce your carbon footprint therefore the rewards for you are both financial and environmental.
Our installations division only employ our own highly trained and qualified Energy Efficiency Technicians. All of whom will be courteous and professional at all times. They will always work to, and beyond, current Health and Safety Regulations to safeguard the working area, providing you with total peace of mind.
For more information on The Green Deal Please visit the Energy Savings Trust website: http://www.energysavingtrust.org.uk