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Green Deal

What is the Green deal?

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The Green Deal is the new government initiative that is designed to help business and home owners to employ more green technologies in their properties. The idea is simple; install new green technology into your property with no up front costs. You will pay back the costs through your energy bill over a period of time. This is unlike a conventional loan because if you move out of the property the bill stays with the property where the savings are occurring and not with the bill payer.

The “golden rule” of the Green Deal is; the expected financial savings must be equal to or greater than the costs attached to the energy bill.

Key to the government’s thinking is that the building stock in Britain is some of the oldest in Europe and to bring it up to date, it needs to be properly insulated. Once the buildings are properly insulated, occupiers will spend less money on heating them.

You can read more about the green deal here

The above content is from http://www.greendealinitiative.co.uk/