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First official numbers on Green Deal released

First statistics on the new plan are optimistic

First official numbers on Green Deal releasedThe Green Deal, the government-backed scheme to help households afford energy-efficient upgrades, has received both negative and positive attention in the past year.

Despite some criticism of the scheme, including accusations of high interest rates, the release of the first statistics on the Green Deal have been encouraging.

According to the Department of Energy and Climate Change’s (DECC) report, more than 1,800 Green Deal Assessments have been lodged, and £26.9m worth of contracts let through the brokerage system by the end of February.

However, DECC notes that an assessment is no guarantee that the work has been carried out; each household chooses how, if at all, to proceed with any suggested upgrades.

How the Green Deal works

Launched in January 2013, the Green Deal offers a way to make energy-efficient upgrades more affordable to homeowners.

Those interested simply need to have an assessment carried out on their home by a certified Green Deal Assessor.The Assessor creates an assessment of the home that can then be given to a Green Deal Provider who will will secure funds and manage installations. The household pays back the loan as an additional charge on their energy bills.

However, the ‘Golden Rule’ of the Green Deal stipulates that the cost of upgrades per month must not exceed the amount of savings households will see on their energy bill from carrying out the energy-saving measures.

Learn more

Green Deal myths debunked

Green Deal Cashback Scheme up and running

  • Daniel Cross

    Ultimately there will be an increase in taxes to support the program! true savings are market driven and depends on who gets the profits, buy the energy companies and then see what the costs look like.