The Green Deal is a new Government initiative designed to address the poor energy performance of much of the UK’s building stock. It is a framework that allows private firms to offer consumers energy efficiency improvements to their homes, community spaces and businesses at no upfront cost, and to recoup payments through a charge in instalments on their energy bill
Importantly, the Green Deal has a ‘golden rule’ that the expected financial savings must be equal to or greater than the costs attached to the energy bill.
Under the Green Deal rules, the financial provider, the assessor and the installer must all be fully accredited.
Detailed industry guidance on the Green Deal is due in spring 2012 with the first ‘deals’ planned for August 2012.
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