The Green Deal is a government initiative that can help you to make home improvements that will help you to reduce your energy consumption and therefore make your property more energy efficient, saving you money. The simplest way to describe the Green Deal is that it allows you to borrow as much as £10,000 to go towards making your property more efficient; this money can then be repaid over 25 years, through your electricity bill.
As the Green Deal initiative is designed to help you save money on your bills, although your loan is paid back through your electricity bill, this shouldn’t be any higher than it was before. This is known as the Green Deal Golden Rule. Once the loan is completely paid off, you can then fully notice the benefits of increasing your property’s efficiency.
The 4 steps of the Green Deal process
Step 1: Assessment
The first step of Green Deal home improvements is to go to a Green Deal advisor and ask for a Green Deal assessment of your property. Based on looking at your home, the advisor will then be able to produce a Green Deal advice report that provides you with their recommendations for necessary energy saving home improvements. This assessment will look at:
1. Your property and its energy efficiency – The advisor will look at your home’s energy performance certificate to work out how energy efficient your property currently is.
2. How you use your energy – an occupancy assessment looks at how you currently make use of energy in your home.
Step 2: Finance
Once you have received a Green Deal assessment, you can then go to a qualified and authorised Green Deal installer. In many cases, this may be the same company that carried out your Green Deal assessment. A Green Deal builder will provide you with a quote for a Green Deal plan to pay for the necessary home improvements. This is essentially a contract of the measures that need to be dealt with and the work that will be completed, the amount of time that the cost of these improvements will be paid off over, as well as the interest rate.
Step 3: Installation
Once a Green Deal plan is agreed, qualified and Green deal authorised builders and installers can then carry out energy saving improvements to your property. This could include measures such as:
• Energy efficient glazing and doors
• Draught proofing
• Loft installation
• Condensing boilers
• External wall installation
Step 4: Repayment
Once Green Deal improvements are made, you will then pay your Green Deal loan back through your electricity bill over the agreed time period and interest rate. In most cases, following the Green Deal Golden Rule, your bills will be no more than before.
If you are interested in the Green Deal in Birmingham or the West Midlands, Cameron Butcher are fully qualified and authorised to install a wide range of energy saving home improvements under the Green Deal initiative. Contact us on 0845 900 5765 to organise your Green Deal assessment.