Unless you have been living in a cave since January 2013, you will know that the Green Deal is the government’s biggest home improvement programme since the Second World War.
You have been living in a cave? OK, Britain has some of the oldest housing stock in Europe: poorly insulated homes which leak heat through their walls, windows and roofs, and which consume too much energy.
The government is determined to sort it all out and build a less wasteful, energy-efficient society in which people can get their energy bills under control. And Green Deal is the name of the programme which is going to bring this about.
But what does this mean for you personally? Well, it means you can make energy-efficient improvements to your home, or rental property, and most of the work will be funded –with little contribution from you.
An exponential six-fold rise in Green Deal plans
In fact, 530 Green Deal plans are now sold every week. This time last year, the figure was 82 per week. This is an exponential six-fold increase!
And in just eight years’time, 1.1 million homes are set to have a Green Deal in place.
All of which should scream one thing at you. If you don’t have a Green Deal plan in place, look into it now.
The smart way to finance home improvements
It is a smart new way of financing that new boiler or cavity wall insulation you have thinking about.
Put another way, if you need a new hot water system, you can pay for it the traditional way or you can be clever about it and finance the works through a Green Deal loan.
The interest on that loan is 6.9% but what makes it really affordable is that the repayments are made through savings on the energy bill. No repayments are made from your bank account.
And there are no fewer than 45 measures under Green Deal – 45 ways, that is, of reducing your energy bills.