The Green Deal is finally here

Green Deal

Green Deal

Although a tad delayed, the Green Deal is now finally up and running across the UK as of today (Monday 28th January 2013).

Home-owners can take out a loan and use this money to improve the efficiency levels of their home. The government believe that this will bring many homes up to date and will pass savings to homeowners thanks to reduced monthly heating payments.

The government has stated that smaller comes could be better off as much as £120 a year whereas larger homes could benefit by as much as £270.

There are environmental benefits too, as great efficiency levels means lower carbon dioxide emissions, something that is bound to improve the carbon footprint of your home.

To benefit from the loan you initially start out by having your property assessed. Recommendations will be made as to how you can improve your property. This can include aspects such as:

  • Boiler upgrade
  • Central Heating improvements (i.e. pipework, radiators etc.)
  • Insulation
  • Double glazed windows

After the assessment you are then lent the money by an approved Green Deal Finance Company. This loan is attached to your property, so you pay back the loan (including interest levels that reach a maximum of 6.92%) over a sustained period of time as part of paying your monthly heating bills.

A quick search of the internet will tell you that there are lots of different Green Deal Finance companies out there, so if this is of interest to you why not ask one for a no obligation assessment. You can ask for a few assessments from different companies if you want a few different opinions from other sources. Make sure they can all show you the official Green Deal symbol though that acts as proof that they have been accredited.

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