The Green Deal
What is the Green Deal?
The Green Deal is the Government's plan to improve the nation's homes using green technology and insulation at no upfront cost to the consumer. Homeowners will benefit from installing insulation and other energy saving technologies at no upfront cost.
How does it work?
Repayments will be made over time from the energy savings, however if you install a renewable energy system in conjunction with the Green Deal, you will also benefit from the tariff attached to your technology, effectively meaning you won't be making payment from your bank account.
When is it available?
The Green Deal was launched in October 2012 with the Green Deal finance becoming available for homeowners who want to take up the scheme from March 2013.
What the Government say:
"The Green Deal is about putting energy consumers back in control of their bills and banishing Britain's draughty homes to the history books. By stimulating billions of pounds of private sector investment, the Green Deal will revolutionise the way that we keep our homes warm, making them cosier, more efficient – and all at no upfront cost."
What we think:
BritishEco feel that the Green Deal is an essential part of the development of secure, affordable and low carbon energy in the UK. The Green Deal will make renewable and more efficient, clean energy available to all homes, businesses, public sector and community properties. Everybody in some way can benefit, it is a very exciting proposal where all who use the Green Deal will benefit from lower energy bills, lower emissions and also preventing fewer families living in fuel poverty.
What is ECO?
ECO is otherwise known as Energy Company Obligation. The ECO is a subsidy from energy suppliers which will provide extra help for those most in need such as vulnerable and low-income households and for householders who cannot achieve significant energy savings without an additional or different measure of support.