1. The Green Deal is essentially a very cheap loan scheme to pay for energy-saving measures which will make the UK more energy-efficient.
2. Why is this being done? Firstly, our homes suffer from a shocking amount of heat loss. Secondly, Britain has ambitious targets for cutting carbon emissions, and the Green Deal is an important part of meeting those targets.
3. The golden rule of the Green Deal means the amount you save on your bills will always be greater than the cost of the energy-saving measures.
4. The cost – up to a current maximum of £6,500 – is absorbed into the future energy bills of your home and paid back over time.
5. An estimated 26,000,000 homes could be eligible for green deal financing.
LibDem Energy Secretary and Climate Change Secretary Edward Davey said:
“Today I have published the Government’s detailed plans along with legislation that will allow the industry to bring the Green Deal into existence. The Green Deal will play a huge role in improving the energy efficiency of our homes and businesses, with ECO making sure that the most vulnerable homes benefit too.
“We have listened very carefully to what industry, consumer groups, and other organisations have told us. Broad support for a managed, tested and careful introduction of the Green Deal fits exactly with our objective to provide an excellent customer experience from day one and a market where a range of new players can readily participate.
“I am determined to make sure that, in addition to creating huge opportunities for Green Deal providers and businesses along with thousands of new jobs, this new market in energy efficiency will deliver the very best deal for consumers.”
More details see: http://www.uswitch.com/green-deal/
