What is the Green Deal?

The government is finalising it’s plans the this year for the Green Deal.  The Green Deal is essentially a mechanism for home owners and small businesses to access low cost finance removing the capital cost investment barrier for making your property more energy efficient from loft insulation to the installation of renewable energy technology.

Under the Green Deal, bill payers will be able to get energy efficiency improvements without having to front up the cash. Instead, businesses will provide the capital, getting their money back via the energy bill.  At the heart of the offer is a simple rule: estimated savings on bills will always equal or exceed the cost of the work.

It?s a flexible framework, one that gives businesses and consumers the opportunity to make the energy efficiency improvements that best suit their situation. Millions of homes and businesses could benefit from improvements under the Green Deal. Owner-occupiers and tenants will both be able to reap the rewards of better energy efficiency.  And there will be extra help for those most in need, such as the vulnerable, those on low incomes and those with homes that are expensive to treat.
Download the DECC Green Deal Leaflet

The Green Deal Timeline:

  • December 2010 Introduction of Energy Bill to parliament
  • Pre-Autumn 2011 Engagement of stakeholders & technical details
  • Autumn 2011 formal consultation on secondary legislation
  • Early 2012 secondary legislation goes before parliament
  • Spring 2012 industry guidance prepared
  • Autumn 2012 first green deals appear
James Eades

By: James Eades

Operations Director, James Eades is EnergyMyWay's in-house expert on renewable energy policy, microgeneration technologies and best practice in the renewable energy industry.