Green light for Green Deal

green deal

The Green Deal is finally with us following consumer finance plans becoming available as of last Monday (28 January).

According to DECC, householders can now borrow up to £10,000 for energy efficiency measures over a period up to 25 years at an estimated interest rate of 6.96 percent.

This is, of course, good news for installers who wish to carry out work under the scheme with 14 million homes in the UK being potential targets for measures worth £1.3bn. The Green Deal is predicted to create 65,000 jobs.

‘Green Deal with it’ is the name of the national communications campaign launched in conjunction with the scheme on Monday to boost consumer awareness of Green Deal.

The slogan will be used to spearhead the energy efficiency scheme’s £2m advertising and marketing campaign which, alongside the government’s £125m cashback offer, is aimed at spreading the message to consumers and stimulating demand for Green Deal certified assessors, installers and providers.

Deputy prime minister Nick Clegg and energy secretary Ed Davey said that the Green Deal presented an unprecedented opportunity for homeowners to lower carbon emissions and insulate themselves from both the weather and steadily climbing energy bills.
“The Green Deal will help thousands of homes stay warm for less,” said Mr Clegg.

“Those people will benefit from energy saving improvements – and their energy bills will fall.

“The Green Deal will support thousands of jobs – not just over the next few years, but in the long term.”

Mr Davey added: “More and more families are being hit by the rising cost of fuel bills and the best way people can protect themselves from increased costs is to use less energy. This is where the Green Deal comes in, giving people a whole new way to pay for energy saving home improvements.

“The Green Deal is a great deal. Improve the look and feel of your home, make it cosier and at the same time save energy – what’s not to like?”

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