With the Government’s flagship energy programme ready for an October launch, the Coalition are ready to offer Green Deal discounts as a way of improving popularity. This news comes just days after research showed 80% of the UK would avoid the scheme.
The Green Deal will aim to insulate Britain’s properties with energy saving products and insulation such as double glazing, replacement boilers, loft lagging and wall cavity insulation. Instead of an upfront cost, homeowners, landlords and businesses will be able to make monthly repayments.
How will the Green Deal work?
- Homeowners will be able to apply for the Green Deal as a way of reducing their household energy bills with energy saving products
- Instead of upfront payments, the insulation will be installed and paid back with monthly savings on energy bills
- The loan will be attached to the property, rather than the homeowner. This means that if you move home, you won’t continue paying for a product you’re not benefitting from
However, the Green Deal has received plenty of criticism since the idea was first put forward by the Government. Namely, the possibility of homeowners paying back more every month than they would save has attracted the most critics.
Green Deal discounts
To counter the general animosity over the Green Deal, the Government are putting plans forward for Green Deal discounts, which would work as a cash back system. The Department of Energy and Climate Change (DECC) want one-off payments to be made to those who take up the scheme early.
The scheme, which has been billed as the biggest home insulation project since the Second World War, will have £200 million available for those willing to take part. £30 million will be available in the current financial year with a further £170m ready to come in next year.
A DECC spokesperson confirmed speculation surrounding Green Deal discounts, saying the Government is “looking at some kind of cash back scheme that would reward people who take up Green Deal measures.”
The DECC are targeting 14 million UK homes to benefit from Green Deal loans but there are fears homeowners simply won’t see the scheme as an attractive prospect.
Replacement boilers with the Green Deal
Boilers have been made available under the Green Deal, but with the possibility of paying back more than you save, it could be much more worthwhile to invest in your own installation.
With a new boiler:
- Reduce your heating bills by as much as £300 annually, making payback as little as five years
- Keep your home warmer in the winter with better energy efficiency. A-rated boilers will distribute heat efficiently throughout the home, ensuring a comfortable temperature
- Cut your home’s carbon footprint, helping the environment with global warming issues and the Government meet EU carbon reduction targets
If you’re interested in a new boiler for your property, why not find out how cheaply you could have a new system installed. Just fill out our quick form and receive up to four FREE boiler quotes from local, vetted companies.