The Green Deal

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Greg Barker is the Energy and Climate minister and has outlined new plans by the Government which will help aid the Green Deal and Renewable Heat Incentive which will come to fruition in 2014.
The Green Deal is the initiative that helps business and homeowners save money on their energy bills. Some of the ways of doing this are having any old insulation replaced, draught proofing, installing double glazing among other things. Other great way to save money is to have your air conditioning unit serviced this winter. This will ensure that when it comes to next summer your unit is running efficiently, not wasting money and you have no nasty surprises when you next want to switch it on.

The Green Deal is in place so homeowners and businesses can make energy-saving changes without having to pay all of the costs up front. The government will lend you the money for the changes and then over time repayments can be made. The theory is that the money you save on the bills will help you repay the loan.

Mr Barker had this to say at the conference, “Now the Green Deal proposition is out there we will continue to iterate the policy, making amends and adjustments where necessary but never deviating or back-tracking on what the policy was primarily set out to do.”

Andy Baxter who is the High Efficiency Heating UK installer has shared some of his concerns which are that the scheme is only available through using the “Big Six” energy companies currently.
Neil Schofield is the head of external and governmental affairs at Bosch Group and he has said, “Whilst there may be some scepticism surround initiatives like the Green Deal, these policies have undoubtedly helped bring renewed focus to the heating industry and ensure the issue of improving the way we heat our homes remains at the top of the political agenda.”

There are some steps you need to do to find out if this scheme is for you and what your options are. The first is you need to check if your home or business will benefit from any improvements and if so which ones you want to undertake. After this you can then choose the different ways you want to pay. You can do this either by having the loan added onto your electricity bill which you will agree to when you sign your Green Deal Finance Plan or you can pay in advance. In both instances you can apply for cash back too.