F.A.Q

General Questions

When will the Green Deal start?

The Green Deal has been finally launched on 28th of January 2013.

Assessors can start registering their companies on our submission form. The assessments are currently ongoing. Installers are ready as well to get going.

Where do I apply for the Green Deal?

The government aims to make the Green Deal available nationwide and easily accessible to all users. The Green Deal is open to both homeowner/tenants and business owners.

There won’t be one place to apply for the Green Deal, it will be more of a choice of where you apply. You can either apply through a Green Deal Provider or through a Green Deal Assessor.

The exact place of registration has not yet been decided by the Green Deal. We will, though, keep you updated through the Green Deal Blog and our Twitter and Facebook updates.

To show your interest in registration, you can contact us, and we will get back to you with more information about the application process as soon as possible.

Who can apply for the Green Deal?

It is the Government’s intention that the the Green Deal will be available to all property owners, both commercial and residential. Tentants as well as owner occupiers will be able to apply for the Green Deal.

The Green Deal is meant to be aimed at both businesses and home owners although so far the majority of the PR has been aimed squarely at the homeowner. Business owners shouldn’t lose heart though as the Return On Investment in all the measures should be greater for businesses in most cases. Keep up to date with the latest news by following our blog and signing up for our newsletter.

Social housing tenants will be eligible for the Green Deal as long as the local council has singed up to be involved.

Who is in charge of the Green Deal?

The Green Deal was originally a Conservative Government idea but is run as a co-operation with the Liberal Democrats. Leading the Green Deal is Conservative Minister of State, Greg Barker who is also responsible for the Green Energy and Energy Security Bills.

How do I know if any Green Deal Assessors are available in my area?

Search for your Green Deal Assessor here. Either enter your postcode, town or city and the database will bring up the nearest supplier to you. Finding a Green Deal assessor is the first step to getting a Green deal done for your property.

 

Money Matters

How do I know that the Green Deal will save me money?

Properties will be rigorously evaluated by accredited Green Deal accessors before any Green Deal funding can be allocated. This ensures that ONLY properties which will benefit financially from Green Deal will be allowed to participate. This protects the property owner and ensures that the cost of repayments will be no more than the original energy bill.

It will be illegal to rent a property from 2018 that has an Energy Performance Certificate of an E grade or below. Learn more about how the Green Deal effects landlords here.

This does not guarantee a reduction in energy costs, but means there will not be an increase. However, the government are keen to point out that there is no way to predict the future cost of energy bills and all calculations will be based on current prices.

 

How much money will be available from the Green Deal?

It has been said that the Green Deal will allocate around £6,500 – £10,000 per property. The exact amount has yet to be announced and it is possible that larger companies will have more flexibility with how much money they can borrow.

How do I know that the Green Deal will save me money?

The Green Deal was originally a Conservative Government idea but is run as a co-operation with the Liberal Democrats. Leading the Green Deal is Conservative Minister of State, Greg Barker who is also responsible for the Green Energy and Energy Security Bills.

How will Green Deal repayments be made?

The Green Deal’s Golden Rule states that the cost of participating in the Green Deal must not be greater than the energy savings. With this in mind, the repayments will be added to the property’s energy bill over a period of time which offers maximum savings. It has been said that the longest repayment period will be 25 years.

What can be purchased with Green Deal finance?

The Green Deal includes insulation improvements such as: loft insulation, solid wall insulation, cavity wall insulation, draught insulation and double glazing windows.

Micro generation will also feature in the Green Deal and will include funding for; Solar panels, wind turbines and heat pumps such as ground source heat pumps and air source heat pumps. The cost of micro generation can vary and will only be funded by the Green Deal if it ad-hears to the “Golden Rule”.

Who will finance Green Deal loans?

The government has formed a Green Deal Finance Company (GDFC) which will supply money in the form of loans to the general public.

Members of the GDFC include British Gas, Carillion, Clifford Chance, E.ON, EDF Energy, Goldman Sachs, HSBC, Insta Group, Kingfisher, Linklaters, Lloyds Bank Corporate Markets, Mark Group, npower, PwC, RBC Capital Markets and SSE.

The idea is that the companies involved will supply the bulk of the cash needed to get the scheme working. The government is going to supply the ‘seed’ money for the scheme, currently around £200/500 Million while the private sector is expected to stump up the weighty £14 Billion that will form the majority of the finance.

The loans are expected to be below market value and thus enticing more of us to get involved in the Green Deal. We have developed an infographic to help explain the initiative.