The Green Deal
The Green Deal is a government backed initiative that can help you understand the energy-saving improvements you can make to your home. It is a new way to pay for energy-saving home improvements. You'll be able to take out Green Deal finance to pay for measures such as loft, cavity or solid wall insulation, double glazing, a new boiler or even a 'micro-generation' system such as solar panels. It may be that you are entitled to funding from the Government for upgrading your property with external wall insulation.
The Golden Rule
The way the deal differs from a standard loan is that the repayments you'll make on the loan will (in theory at least) be covered by the savings on your energy bill you make from having the energy-saving home improvements installed. This system is known as the 'Golden Rule' - you should not pay back more in loan repayments than you are saving on your energy bill.
ECO - Energy Company Obligation
The Energy Companies Obligation (ECO) is an energy efficiency programme that was introduced into Great Britain at the beginning of 2013. It replaces two previous schemes, the Carbon Emissions Reduction Target (CERT) and the Community Energy Saving Programme (CESP).
ECO places legal obligations on the larger energy suppliers to deliver energy efficiency measures to domestic energy users. It operates alongside the Green Deal which is designed to help people make energy efficiency improvements to buildings by allowing them to pay the costs through their energy bills rather than upfront.
ECO is intended to work alongside the Green Deal to provide additional support in the domestic sector, with a particular focus on vulnerable consumer groups and hard-to-treat homes.
Affordable Warmth Obligation
To provide heating and insulation improvements for low-income and vulnerable households (social housing tenants are not eligible for affordable warmth).There are complex eligibility criteria for this means-tested scheme. Call the Energy Saving Advice Service on 0300 123 1234 to check whether you might be eligible.
Carbon Saving Obligation
To provide funding to insulate solid-walled properties (internal and external wall insulation) and those with ‘hard-to-treat’ cavity walls. This is not means-tested but can be used in conjunction with the Green Deal. The aim is to provide enough support to make these relatively expensive measures cost-effective.
Carbon Saving Communities Obligation
To provide insulation measures to people living in the bottom 15 per cent of the UK's most deprived areas. It is expected that this element of ECO will particularly benefit the social housing sector.
For more information contact us on 01785 811191.