From 28th January 2013 homeowners, tenants and businesses became able to take advantage of the new Green Deal which is a raft of financial incentives designed to improve the energy efficiency of UK buildings.
Green Deal Advisors or GDAs will be available to provide a report on the best ways to lower energy bills using a Green Deal Plan. Early adopters of the Green Deal will also be able to gain cashback grants of over £1,000. Items such as insulation, condensing boilers can be fitted without any upfront costs – the finance being repaid automatically from the savings on energy bills. The Green Deal Advisor’s report can be used to help you decide on the best energy efficiency measures to install, which installer to use and who will provide the Green Deal finance.
Industry experts estimate that while the price of energy rises steadily at around 12%, inflation is rising much slower at around 2.5%. So with energy costs rising way ahead of inflation Green Deal customers will reap the benefits of lower fuel bills after day one of installation.
Summary of Green Deal benefits
- Energy saving technologies can be installed without any upfront cost.
- No burdening debt – Green Deal finance will be attached to the electricity meter and automatically repaid from energy savings.
- No outstanding payments if property is sold as loan stays with property.
- Feed-In Tariff on solar PV systems will be allowed under the Green Deal.
Ace Energy are a Green Deal Approved installation company. Registration number NICI00077.