WHAT IS GREEN DEAL

Green Deal1. WHAT IS GREEN DEAL

When we think about pollution, generally we think about contaminant factories, cars, traffic. We do not consider our home as a cause of the increasing environmental pollution.  Buildings in UK are amongst the least efficient in the European Union and our homes account for 38% of the UK’s total Carbon Dioxide and greenhouse gas emissions.  More than half of the homes in UK do not have enough insulation or an efficient condensing boiler, provoking high energy inefficiency, high Carbon Dioxide emissions in the atmosphere and a high squandering of money.  Just little Green Solutions to our homes can change this trend.

Aiming to continue the road map of the Climate Change Act of 2008, the Government has launched the Green Deal Plan, the biggest homes plan since the WWII.  Green Deal is a new way to pay for energy-saving upgrading.  You will be able to take out Green Deal Finance to pay for measures such as cavity, internal, external or loft insulation, a high efficiency boiler or even a heating control.  But Green Deal Finance is not a ‘typical loan’: the way the Green Deal Finance differs from a standard loan is that the repayments you will make on the loan will be covered by the savings on your energy bill.  The savings made on your energy bills result from having the energy-saving home improvements installed, making future bills lower than your previous energy bills.  This system is known as the ‘Golden Rule’: you should not pay back more in loan repayments than you are saving on your energy bill.

 

2. The Golden Rule: ‘The bill should not exceed the expected savings’

Green Deal differs from a standard loan because it is not attached to the individual but to the property, this ensures that the loan repayment will always be met by the energy bill savings regardless of the owner / occupier of the property. 

So in short, Green Deal’s operating principle is simple: install your best Green Solutions for your home with no up-front cost for yourself.  You will payback over a period of time through your energy bills.

 

Green Deal Golden Rule

 

In January 2013, alongside the Green Deal, the Government also launched the ECO (Energy Company Obligation).  This initiative aims to provide insulation and heating solutions to low income and vulnerable households, plus insulation measures to low income communities.  According to the ECO’s regulations, energy providers are required to help improve the energy efficiency of their domestic customers’ buildings in three fields:

a.     CERO (Carbon Emissions Reduction Obligation). CERO is addressed to hard-to-treat homes and measures that cannot be fully funded through the Green Deal.

b.     CO (Community Obligation), focused on the supply of insulation efforts and connections to domestic district heating systems supplying areas of low income.

c.     HHCRO (Home Heating Cost Reduction Obligation), required to provide efforts which increase the ability of low income and vulnerable households to heat their homes.

 

Contact us to check if you are eligible for a free boiler replacement.

Help UK to reach its goal to reduce Carbon Dioxide and greenhouse emissions by 80% by 2050. Take part in the Green Deal!

The Department of Energy and Climate Change (DECC) in in-charge of Green Deal

Click here to visit their website.

Please also visit the Energy Saving Trust website to find out more information about all the Green Deal’s measures available.

Click here to visit their website.

How Green Deal works in a simple chart.

 

Assessment.

Up front survey and advice. The Green Deal Advice Report.

Finance.

No upfront cost. The Green Deal Plan.

Installation.

Accreditation standards.

Repayment. Through energy bill savings.

Green Deal Advisor.

Green Deal Provider.

Green Deal Installer.

Electricity supplier.

 AAA GREEN SOLUTIONS

 

AAA GREEN SOLUTIONS

 

 

 


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