The Green Deal is the Government’s flagship initiative to increase the energy efficiency of domestic and non-domestic properties throughout the UK. The Energy Company Obligation (ECO) provides non repayable funding for energy efficiency improvements for vulnerable households, people with limited incomes and hard to treat properties.
The Green Deal allows energy firms to provide domestic and non-domestic customers with a range of property improvements which will increase energy efficiency and
reduce heating costs.
The costs incurred by making these improvements is recouped through instalments on a property owner’s energy bill over a number of years. The Green Deal is not an
advance payment or personal loan and therefore no obligation moves with the property owner should they move.
The “golden rule” of the Green Deal ensures that the predicted savings from making the energy improvements must equal or exceed the cost of the installation. An assessment will be carried out on a homeowner’s property, with options of a range of relevant measures presented.
Once all the details are confirmed, the installation will then take place and the customer will pay for the measure through their energy bills. For more details on each area of the Green Deal Process, please give us a call or email [email protected]