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The coalition’s Energy Bill was introduced to Parliament on 8 December 2010, and included the provision for a "Green Deal", which has been designed to revolutionise the energy efficiency of properties in Britain.
The first scheme of its kind in the developed world, the Government plans to offer energy efficient makeovers to thousands of homes. It will see the establishment of a framework, which will enable private firms to offer consumers energy efficiency improvements including energy efficient boiler replacement, cavity wall insulation, double glazing and loft insulation to their homes, community spaces and businesses at no upfront cost. Payments would be recouped by means of a charge in instalments on energy bills.
Home Heating Guide takes a look at The Green Deal, the reasons why it is needed and summarises the Government’s proposals.
What’s The Green Deal about?
The Green Deal will enable many households and businesses to improve the energy efficiency of their properties without consuming so much energy and consequently wasting so much money. The plan would see people take out loans to have their properties made more energy efficient. Householders and businesses would pay back the loan over the course of 25 years through additional charges to their energy bills. The savings on bills will overcome the additional cost, and should people move from their home, the charge will stay with the property.
In short, The Green Deal will be a win-win situation for everyone involved; from the companies undertaking the work, to the workers who are employed to do it and the consumers who benefit from having energy efficient homes.
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