Energy efficiency becomes affordable for all under the Green Deal
EnergyMyWay welcomes the official launch of the Green Deal an innovative loan scheme for improving the energy efficiency of homes in the UK. The loan differs from other types of loans as the payments are collected via the electricity bills and is attached to the house and not the person.
A Green Deal loan will only be granted if the proposed energy efficiency improvements such as boiler upgrades, insulation and installing renewable technology will mean that the savings on utility bills are greater than the loan repayments.
Any improvement carried out under the Green Deal loan scheme must be carried out by an accredited Green Deal installer such as EnergyMyWay. To apply for a Green Deal loan you must first have a Green Deal Assessment done of your property to ascertain what improvements could be made and the likely impact they would have on your utility bills.
The Green Deal loan will typically be over a 15 ? 20 year period at a 6.97% interest rate however this may vary depending on the repayment period and the type of Green Deal measure installed.
For more information on the Green Deal contact EnergyMyWay.