The Green Deal is a new government scheme to encourage business and home owners to employ more green technologies in their properties. This scheme offers loans to install new green technologies into your property with no up-front costs. Funds are then recovered as charges added to the properties energy bill over a period of time. Unlike a conventional loan these payments are attached to the property so if you were to move out of the property before the loan is paid off the payments will be transferred to the new occupier who will continue to benefit from the green energy savings.
The following statement is the ‘Golden Rule’ of the Green Deal; the expected financial savings must be equal to or greater than the costs attached to the energy bill. This rule ensures that bill payers will not pay any more than what the original energy bill would have been.
To qualify for the Green Deal all properties will require an inspection carried out by a certified Green Deal Assessor. This assessment will take into account the building fabric and look into the way the occupants currently use the building. The government intends to use the current Energy Performance Certificate (EPC) as the framework to work from. An updated EPC will be needed to qualify for the Green Deal.
If you are interested in greening your building at no up-front cost then get in touch now; g2a energy’s accredited energy assessors can update your current EPC and give you information on how to apply for a green deal loan.
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