Going green is all the rage nowadays. Individuals and businesses are all finding new ways of looking after the environment and making sure their homes and premises are greener than they were in the past.
This is where the Green Deal comes in. If you haven’t yet heard about this initiative, the chances are good that you’ll know more about it in the near future.
So what is the idea behind the Green Deal?
The basic idea behind this initiative is to make private properties and business premises more energy efficient. In doing so it is hoped that carbon emissions will also be reduced over time. This will be a good thing for individual properties as well as for those who pay the energy bills. The advantages can be reaped over a considerable period of time, thanks to the outcome of any energy efficient measures that are taken.
The good thing about it is that you can only get involved in the scheme by using a Green Deal installer. You will not be able to go to just any provider of green technologies – they must have been fully approved by the government to provide the energy efficient installations that are included in the deal. Choosing such an accredited installer will give you the peace of mind you need to ensure the installation goes according to plan.
How does it work?
Lots of people are interested in making their properties or businesses more energy efficient. For example with a private property this could mean looking at energy efficient boilers, wood burners and other things that can provide cleaner and greener energy.
However the main stalling point for many people is that these installations tend to be quite expensive. Few people can afford to invest in such items up front because they just don’t have the available cash to do it.
This is where the Green Deal comes in. It has been designed to ensure there are no initial costs to pay for qualifying items. Instead, the money is paid back via your standard energy bill. In this sense it is much like a loan, and it will make your property more efficient.
How does it work for homeowners?
If you own your own home you can take advantage of the Green Deal to make as much as £10,000 worth of improvements to your home. The idea is to make your home more energy efficient by preventing as much heat loss as possible. This can be done by insulating the loft, installing double glazing and perhaps getting a smart meter put in, so you can see how much energy you are using.
You can also take advantage of some of the green methods for generating energy. These include having a biomass boiler and installing solar panels on your roof.
Different properties will benefit in different ways as far as the scheme is concerned. For example older properties are likely to get the best perks because they were built in a time when green energy was not even thought of or known about. Thus the older your home is, the more likely it is you could save a significant amount of money on your energy bills if you were to get involved with the Green Deal initiative.
How does it work for businesses?
The basic premise for business owners is much the same as it is for individual homeowners. The idea is that you can make sure your business is greener and more energy efficient than it is at the moment, simply by taking advantage of the Green Deal initiative.
As you might imagine there are some differences though, namely the fact that the ceiling on improvement costs is likely to be higher than the £10,000 that applies to individuals.
Another major difference here is that the business will pay for the required improvements that are agreed upon. The business will receive the money required for the changes, but it will be paid back via the energy bill that is tied to the improved premises. Clearly the process will be more involved for businesses, which is partly why all the details have not yet been ironed out.
How does it work for tenants?
You may not think tenants would have much say in getting involved in the Green Deal. However this isn’t the case. If you are a tenant you can still apply to get involved with the Green Deal. The only caveat is that your landlord must agree to you doing so, since it is their property.
According to research it would appear that many of the properties that are not particularly efficient with energy are rented ones. Thus the ability of a tenant to ask their landlord if they can get involved is a promising one indeed.
The perks would be the same as you would get if you were a homeowner. Any improvements that were made with the permission of the landlord would be paid for by you as the tenant over a specified period of time.
Is it worth looking into the Green Deal from your point of view?
Unless you are fortunate enough to live in an energy efficient modern house that already has most if not all of the technologies covered by the Green Deal, it could well be worth looking into it in more detail. It is best to do so if you intend to stay in your current property (or business premises) for some time to come. With that said though, it is also worth considering the potential benefits that could come to those who make improvements and then think about moving home at some point in the future. Individuals can make their current home more appealing and energy efficient and thus more attractive to potential buyers.
As you can see the Green Deal initiative is set to benefit individuals, businesses and tenants alike. As more information is released it is set to transform many homes across the UK.