The Green Deal aims to fund energy-saving upgrades for your home without any upfront costs. Instead, the costs are added to your energy bills and staggered over time, like a loan.
So if you want to replace your boiler with a more energy-efficient model, or want to install draught-proofing or more efficient heating contraols can do so using a Green Deal loan.
You'll still be charged for the improvements, but the cost will be repaid over time as an additional charge on your energy bill. However, the 'golden rule' of the Green Deal is that your repayments will have to be less than the money you will save on your energy bills due to the new efficient measure installed.
The Green Deal is essentially a loan from the private companies installing these energy efficiency measures. There's a maximum amount of £6,500 per household and, crucially, this is tied to the home rather than the owner, so if you move house the debt is passed on to whoever lives there next.
The loan is then paid back through the electricity bill over a 25-year period.
Unlike many other home improvement initiatives, the Green Deal is not dependent on people's income and the loans are available to everyone.
As Green Deal accredited installers we can provide you with all the advice and help you require. Simply contact us for more information.