The Green Deal is a scheme which is committed to reducing carbon emissions and costs by revolutionising the energy efficiency of UK properties.
Through the Green Deal, financial support is provided to remove the need to pay upfront for energy efficiency measures. The initial cost of these is covered by the savings made on energy bills.
The Green Deal enables many households and businesses to improve their energy efficiency, ensuring that less energy is consumed and less money is wasted. The main focus of this scheme will be the households who are unable to afford the energy saving measures on their own. Low income and vulnerable households will therefore receive support in order to improve the energy efficiency of their properties.
Why is the Green Deal needed?
The UK has promised to become more energy efficient, particularly in the reduction of carbon emissions. A quarter of carbon emissions comes from the energy used in homes, and a similar amount is generated by businesses. By implementing a policy such as the Green Deal, the Government can begin reducing the carbon footprint that UK households and workplaces create.
Could I qualify for the Green Deal?
To qualify for the Green Deal, expected savings in typical properties consuming a normal amount of energy must be equal or greater than the cost of measure. However, actual cash savings cannot be guaranteed by government since no-one except individuals and businesses themselves can control how much energy they actually consume in their own property. Whilst the consumer has ultimate responsibility for reducing consumption after the Green Deal measures have been installed and energy advice will be given to users on how to change behaviour to maximise the benefits of better insulated, less wasteful properties.
Will the Green Deal be available for businesses?
The Green Deal will be designed to be available to businesses - enabling smaller businesses to access funding for energy efficiency improvements, and larger businesses to meet their obligations under existing schemes at lower cost, such as Climate Change Agreements or the Carbon Reduction Commitment Energy Efficiency Scheme. The complexity of energy use in the business sector means that there will be a number of differences in the Green Deal for this sector, though the key principles set out here will apply to both businesses and households.
To find about more about the Green Deal, and how this will benefit you financially, call us on 0845 894 3022 and arrange a consultation with one of our expert team.