Double savings with the new Green Deal

How energy efficient is your home? Efficiency is determined by how much heat is allowed to escape, rather than be retained in the property. Unfortunately heat can be lost in a number of ways, such as through the roof, the walls, the windows and the doors.

Fortunately though, there are ways you can improve your home’s efficiency and reduce heat loss. By doing this you’ll be able to save hundreds of pounds every year on your heating bill and increase your home’s Energy Performance Certificate (EPC) rating.

The statistics are worrying in regards to how you’re spending money on energy too, with bills doubling in the last decade. It’s not going to get any better either, as experts suggest they’ll double again by 2020.

That’s one of the reasons why the Government’s Green Deal came into being. Rather than paying large upfront costs for home energy efficiency upgrades, you’ll instead be able to take a loan worth up to £10,000.

Although the scheme itself hasn’t been the most popular, it’s set to skyrocket as a secondary clause will be added. Now, if you install two efficiency measures with the Green Deal you can receive up to £1,000 cashback.

This is a huge incentive and many industry experts believe it’s exactly what the Green Deal needs to increase uptake levels.

Anna Isaac of the Green Deal Finance Company believes this incentive will be a much more attractive proposition to homeowners.

She said: “Putting together a group of measures means that you maximise your energy saving and installing more expensive measures allows you to spread the cost over several years.”

There are plenty of measures to consider with the Green Deal, such as wall insulation and double glazing. Replacing your boiler is also a great idea and could save you as much as £310 every single year.

So how can you apply for the cashback?

First of all you’ll need to follow the Green Deal procedure as before, by having an assessment of your property.

This will analyse your existing insulation and calculate potential savings. Once this has been completed you can apply to the cashback administrator online.

Taking advantage of the Green Deal should always be something you consider, even if you’re planning to sell-up in the near future. That’s because statistics show energy efficient homes sold 15% faster in 2013 than in 2010.

Evy Coe

Evy works for Quotatis as a Content Marketing Executive. She loves to write about interior design and help homeowners with their DIY projects.

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