Thought this might be worthy of a thread. Cant see anything else hidden away in this section of the forum.
Has anyone here considered it yet? If so what were your thoughts?
For those that aren't aware of the green deal, my understanding of it is that you can have a loan from the government for upto £10000 secured at 7% APR (not currently low i know but think long term). The loan is secured on the property so if you sell and no longer benefit from the energy efficiency measures you no longer pay the debt and it passes onto the new owners.
The debt is re-payed through the savings you make on your fuel bills but repaid through your electricity bill. The idea is that your total gas and electric usage drop however your outgoings remain the same as you are repaying the loan.
Benefits are that you can have upto £10k of improvements done to your home such as a new central heating system, TRVs installed, PV panels, possibly even ground source heat pumps.
Cons...short term it may make your house less saleable until people fully understand the green deal. Possibility of over inflated labour and material rates as only green deal accredited installers can complete the works.
What is everyone else's thoughts on it? I must admit im tempted to apply for it. I have old timber frame patio doors that let out a lot of heat as well as a 20 year old boiler so the savings could be significant if chosen carefully.
Has anyone here considered it yet? If so what were your thoughts?
For those that aren't aware of the green deal, my understanding of it is that you can have a loan from the government for upto £10000 secured at 7% APR (not currently low i know but think long term). The loan is secured on the property so if you sell and no longer benefit from the energy efficiency measures you no longer pay the debt and it passes onto the new owners.
The debt is re-payed through the savings you make on your fuel bills but repaid through your electricity bill. The idea is that your total gas and electric usage drop however your outgoings remain the same as you are repaying the loan.
Benefits are that you can have upto £10k of improvements done to your home such as a new central heating system, TRVs installed, PV panels, possibly even ground source heat pumps.
Cons...short term it may make your house less saleable until people fully understand the green deal. Possibility of over inflated labour and material rates as only green deal accredited installers can complete the works.
What is everyone else's thoughts on it? I must admit im tempted to apply for it. I have old timber frame patio doors that let out a lot of heat as well as a 20 year old boiler so the savings could be significant if chosen carefully.