The government’s flagship energy-efficiency scheme, the Green Deal, launches today.
The Green Deal provides home owners with money up front to install energy-efficiency measures, such as insulation or a new boiler. The home owner then pays back the money over a period of time plus interest, with the money collected via electricity bills.
The idea is that the repayments you’ll make on the loan will (in theory at least) be covered by the savings on your energy bill you make from having the energy-saving home improvements installed.
Our full guide to the Green Deal reveals details of the scheme, including how to have your home assessed and what’s included in the Green Deal.
Choosing the Green Deal
Which? executive director Richard Lloyd said: ‘Rising energy prices are one of consumers’ top financial concerns so we support helping people to save money and making their homes more energy efficient. As with any financial product, whether the Green Deal is a good deal will depend upon your personal and financial circumstances.
‘We want the Government to ensure that Green Deal quotes are clear and comparable so consumers can make an informed choice and we want any signs of bad sales practices stamped out as soon as possible.’
Which? has already issued a checklist to advise consumers on what to look out for during assessments and urge people to enter Green Deals with their eyes open. Read our Green Deal checklist to find out what you should consider.
Reaction to the scheme from the public has so far been muted. According to exclusive research by Which?, just 9% of people have heard of the Green Deal and know what it is. However, as the Green Deal is a new scheme, this number could grow.