Government Launches Green Deal

Government Launches Green Deal

News Item
28 Jan 2013

Householders are to be offered long-term loans to help make their homes more energy efficient and cut bills under a new government scheme.

Ministers said the Green Deal, to run in England, Wales and Scotland, will help thousands "stay warm for less".

How it works

The move to insulate the UK's aged housing stock is designed to save carbon emissions, keep people warm, and make energy affordable.

Homeowners will first be visited by an assessor, who will ask some basic questions about their energy usage.

Approved Green Deal installers, such as energy companies or DIY chains, will then advise on potential improvements, such as double-glazing, insulation or new heating systems.

Consumers will pay for the improvements by taking out a loan with the Green Deal Finance Company, a non-profit making organisation backed by the government.

Such loans will be paid back through electricity bills for periods of up to 25 years.

There is no guarantee that the eventual savings made by consumers will match the cost of the loans they take out to make the improvements.

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