In an effort to keep up the Green Deal scheme’s impact on UK energy efficiency, the Government has put an extra £20 million into funding available. This is to make up part of a new Green Deal Communities scheme.
Local authorities will be able to bid for funding for their districts in an effort to improve energy efficiency. This includes the installation of double glazing, the replacement of inefficient boilers and the fitting of other insulation measures. Loans are offered to homeowners in the UK, with the money paid back with the amount saved on annual energy bills.
To receive this extra wedge of Green Deal scheme funding, local authorities must deliberately target streets and areas in their region which would most benefit from efficiency upgrades.
Once a proposal has been made, it will be judged on the following criteria:
- The amount of Green Deal plans delivered
- The credibility of targeted streets and areas
- Creativity in offering incentives to drive demand
- Long term sustainability.
Talking about the new Green Deal scheme, Energy and Climate Change Minister, Greg Barker said: “If we are going to deliver the Green Deal scheme at real scale then we need a ‘street-by-street’ vision and a ‘street-by-street’ plan.
It starts here! However, local authorities really know their areas best. They know which streets and properties could most benefit from a Green Deal to improve their energy efficiency, and what local people need to provide them with a greater choice.
“The Coalition is committed to helping hard pressed consumers and this £20 million funding will help more families benefit from the Green Deal, making homes warmer and more efficient, and protecting consumers against rising energy bills.”
The extra funding for the Green Deal scheme will be made available until December 31, 2013, or until funds have been used up.
This funding comes in the wake of disappointment surrounding the scheme as a whole. Despite its bold intentions, only four homeowners have Green Deal projects pending, compared to the early predictions of 14 million. This is a mere 0.01% of the 38,259 that have had home energy efficiency assessments completed.
Facts & Figures You’ll Love To Share
- As many as 26,000,000 homes in the UK could be eligible to receive Green Deal funding.
- Green Deal loans are paid back over a 10-25 year period with the payments taken from energy bill savings.
- Using the Government’s Green Deal you can upgrade your boiler, improve insulation and replace windows for no upfront fee.
- The Green Deal’s Golden Rule states that homeowners won’t pay back more than the savings they make on energy bills with improved efficiency.