On October 2012 The Green Deal is scheduled to begin throughout the UK. It is a very ambitious government initiative that will revolutionize energy efficiency in the housing stock whilst generating a positive attitude towards the need to preserve and seek alternative means of powering both homes and businesses alike. The impact of The Green Deal on UK climate change will substantially reduce UK carbon emissions, under it’s own legal obligations under the Climate Change Act 2008.
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The Green Deal Scheme (as provided for by the Energy Act 2011) will operate to allow bill-payers a up to £10,000 to implement energy efficient measures in the home. The grant is repayable from the savings made by implementing the “recommended” measures. In essence the bill-payer does not see a reduction in his energy costs, but will enjoy a much warmer and cosier winter. Furthermore, the repayments are tied to the building and not the person. That, in a nutshell, is the government Green Deal insofar as the building occupier is concerned.
All assessments for financing will be subject to what has been termed, “The Golden Rule”. Put simply, it means that the repayments should not be more than the estimated savings to be made or have a term that is longer than the lifetime of the work undertaken. This is purely a guideline set by the government so that customers will not end up paying out more for the energy than before the work had been carried out.
The impact is set to spread far an wide across the UK as demand for most building trades will increase dramatically thereby creating “green deal jobs” with thousands of registered green deal installers required to fuel the demand that will be generated once underway. To become a green deal installer you will need to be approved by the DECC (Department of Energy and Climate Change) who give strict guidelines, including guarantees that must be given by all their approved installers.
We may yet see climate change in the UK improve dramatically under this new scheme as carbon emissions reduce. Subject to assessment, you may also have solar panels installed on your roof which will also contribute to the energy efficiency of the home.