All you need to Know About the Green Deal

Posted by adairsawyer on June 24th, 2011

The United Kingdom government intends to get private firms to fund the insulation of homes which are not energy efficient. The money will not have to paid upfront by the householders but will be recovered from the savings that will be made in the energy bills. This is the answer to what is green deal and how green deal works. If you would like to be part of this great revolution, then you could leave your name in the green deal register.

There are about 26 million homes all over the UK and nearly all of them have to be refurbished in the form of insulation or installation of devices in order to meet with the targets for carbon reduction which is the whole aim of the green deal. Up to now, there are hardly any homes that have energy saving installations. The British government proposes to end the deadlock with its green deal which provides tenants and home owners besides businesses the opportunity to borrow money in order to make their homes and offices more energy efficient. If you haven’t already put your name in the green deal register you can do it from the website itself.

The main difference between the green deal and other schemes is that the borrower does not have to shell out any extra money from his pocket and he will repay the money from the savings that are made from the reduction in energy bills which means that they will be able to bring down their carbon emissions without any cost to themselves at all. The green deal register is available so that whoever is interested in this scheme can enroll their names for the same.

The green deal forms part of the Energy Bill which recently got its second reading in parliament. The UK government hopes that the first green deal will happen sometime in the autumn of 2012 after the discussions with the secondary legislation have been finished. You can fill your name in the green deal register whether you are interested as a supplier or a consumer.

As per the plans of the government those who opt for the green deal will see the green deal charge appear in their energy bills. But they will also see a drastic drop in their energy charges even if it includes the charges to pay off the installation amount. Anybody can make an entry in the green deal register but they are eligible only if their expected savings will exceed the costs of installation to make the home or office more energy efficient. This is said to be the golden rule of the green deal. Also, the householder is not liable to make payments till the initial cost of installation is fully recovered. If he leaves the house or sells it off, then the amount will be recovered from the next person who occupies the house and uses the energy.

So what are you waiting for? The green deal is definitely worthwhile so if you are looking for the green deal register visit us now!