The aim of the Green Deal is to improve the energy efficiency of more than 14 million homes and millions of commercial properties by 2020. The Green Deal enables property owners to install energy efficiency improvements at no upfront cost, with the costs incurred being recouped through the 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 will ensure that the predicted savings from making the energy improvements must equal or exceed the cost of the installation. A Green Deal Assessment will be carried out on a homeowner’s property by a Green Deal Advisor, with options on a range of relevant Green Deal Measures presented. Once all the details are confirmed, the installation by the Green Deal Installer will then take place and the customer will pay for the measures through their energy bills. Finance for a Green Deal is provided by a Green Deal Provider.
What measures are covered under the Green Deal?
The four main types of measures covered under Green Deal are;
- Building Fabric Measures (BFM) - Insulations, Glazing, Doors etc.
- Building Services Mechanical (BSM) - Boilers, Heating Systems etc.
- Building Services Electrical (BSE) - Lighting, Lighting Controls etc.
- Microgeneration - Solar PV, Solar Thermal, Heat Pumps etc.