How Does Green Deal Finance Work?
The Government’s innovative Green Deal scheme has been designed to transform the energy efficiency standards of British properties. It offers householders and small businesses a cost effective way of saving energy and money.
Customers are provided with a Green Deal finance mechanism that either eliminates or reduces the upfront installation costs of energy saving measures.
There are currently 47 measures available through Green Deal covering insulation, heating and renewable energy technologies.
Commonly referred to as a Green Deal loan, customers will repay the installation cost of their chosen measures through installments. These installments are connected to the customer’s electricity bill.
Customers will get reassurance that the cost of their Green Deal measures will never exceed the corresponding fuel savings they generate. This means participating customers will always be financially better off for taking out a Green Deal loan.