MP backs Green Deal for homes
An MP is encouraging home-owners and businesses to take advantage of a Government scheme offering cash back for those making buildings more energy efficient.
The Green Deal, introduced on January 28, offers people a new way of paying for improvements.
As well as saving money on fuel bills, households in who use the Green Deal will also qualify for hundreds of pounds of cash back from the scheme, with packages worth more than £1,000.
Harborough MP Edward Garnier said: "The Green Deal will transform the energy efficiency market and put consumers in charge.
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"The scheme will allow people to make their homes warmer and save energy.
"It is also good for businesses, creating a new market and jobs in Harborough, Oadby and Wigston. The Green Deal has great potential to transform Britain's homes."
Under the scheme, an assessor will recommend appropriate improvements.
A Green Deal provider will then write up a contract setting out what work will be done, together with a repayment plan and fixed interest rate, and an approved installer will carry out the work.
The repayments will automatically be added to the electricity bill for a home or business.
For details, visit:
www.gov.uk/greendeal
4 Comments
by NickDiPerna1
Wednesday, February 27 2013, 4:42PM
“@zygote1
Good points!”
by zygote1
Wednesday, February 27 2013, 2:21PM
“Not only will you have to pay for an "assessor", but their motivation, qualifications and experience will be questionnable. It is possible to become an assessor after having done a 3 day £999 course, and they may well be paid on a commission only basis. It seems to me that the green deal is more a sales opportunity.
And, in addition to the extortionate interest rates mentioned - when you come to sell your house, will the buyer want to take on the loan? Some might not be bothered. But many will be wary of a taking on someone else's debt, even if they do theoretically continue to enjoy some of the benefit - I mean, if you buy a house with an extension, you don't expect to take on the loan the seller took out for the extension as well as pay for the house.”
by NickDiPerna1
Wednesday, February 27 2013, 1:23PM
“Yes, be careful of the Green Deal. I've heard you might have to pay high interest rates on the loans too.
These economic stimulus packages transfer wealth from people outside the system to those inside it.
There are always alternatives.”
by KulganCrydee
Wednesday, February 27 2013, 8:10AM
“The report doesn't mention that you have to pay for the assessor yourself £99-£200. Why couldn't this cost be absorbed into the deal? I know I don't have a spare £100.”