Liverpool Green Deal scheme, grants for loft and attic insulation, cavity wall insulation, solar energy... saving the environment
The new Green Deal grant system, planned arrival October 2012
If your house was not built in the past thirty-five years, then you may well be living in housing stock from the 1940s or earlier. These properties are 'solidly built', but they are not very energy efficient. If you live in such a home then you may well be entitled to a Green Deal grant, but that grant is not a handout - as some believe, that grant is a type of loan, the repayment of which is added to your home as an attachment (for when you sell it), and your electricity bill will typically be altered to start clawing back the cost of the work undertaken. When you sell your home, in years or decades to come, you or your children will have to pay back the cost of the energy efficiency grant - less the balance already paid
The benefit of the new Grants system is that you pay little now, and for the next decade you save money by benefiting from the energy savings, but the cost savings of a lower heating cost will be offset by a repayment factor being added back onto your electricity bill. That bill should fall with the savings, and then rise again with added repayments for the work done.
The Golden Rule guidlines
This is a stated aim (as well as something of a hope) by the government, that the cost of the insulation work carried out should be recovered by the energy savings witnessed across many years. Naturally, you will have to live at the property for at least 5 years or more to balance the savings against the cost of the work carried out on your home.
"The Energy Act 2011 includes provisions for the new Green Deal, which intends to reduce carbon emissions cost effectively by revolutionising the energy efficiency of British properties. The new innovative Green Deal financial mechanism eliminates the need to pay upfront for energy efficiency measures and instead provides reassurances that the cost of the measures should be covered by savings on the electricity bill."
Green Deal grant system for business properties
The planned Green Deal initiative is not just for private houses, it extends to business premises as well. There are many small businesses that work out of large and old housing stock, such doctors, dentists, solicitors, accountants, all working out of premises that were once domestic residences.
There would need to be an accredited building assessment made as with a domestic property, and the Golden Rule would still apply in that the cost of the planned energy efficiency improvements undertaken should not exceed the expected savings gained over many years.
In an odd and controvertial move - that will probably see many problems and legal action, a tenant business may gain the Green Deal without permission from the landlord, despite the fact that the tenant business would have signed a lease agreeing no major building works without the consent of the irate landlord in question. The two fly in the face of each other. The landlord, however, must seek the tenants permission for works to commence.
Accredited inspectors and installers
Household and business applicants for the Green Deal system will both need to use accredited sellers and installers, they cannot simply have the work done and apply retrospectively. Beware of builders making false claims, and of assessors that are not qualified. If you have work done that is not agreed and properly licensed, then you will have to pay for it as normal, you will not be able to claim it back afterwards.
When you apply for a Green Deal Grant, you are not applying directly to the UK Government or dealing with the Government, you are dealing with middle men as the sellers of the Green Deal works package. Such people are (hopefully) accredited and licensed by the Government. Most of these companies will be linked to the large energy companies.
The benefits of home insulation, Liverpool Green Deal Grants
If you happen to live in an older property, and it gets very cold during the winter, and you plan on staying there for 20 years - finally leaving the property to your kids, then you may well make back several times the value of the work done to make the property energy efficient. The longer you stay, the greater the savings, it's as simple as that.
Summary of the new scheme
If your family home is old and cold, and costs a fortune to heat in the winters, then you may want to spend some money on energy efficieny options in the form of loft insulation and cavity wall insulation. The capital cost of that work might put you off, and you may not be able to afford it right now. The Green Deal grant system allows the work to be done for no up-front payment, but an increased or level electricity bill for many years, and finally when you sell the property any remaining balance is paid off.
The benefit to you will be that you are warmer of a cold winter's night, not that you'll have a great deal more money in your pocket each week, but the hope is that you will also save some money from the energy efficiency. And, collectively, we all benefit from less carbon emmissions - which is a good thing for the environment, and trees that need hugging.
Green Deal site surveys
In order to qualify for the new Green Deal grant system you will need a survey done of your home or business, and you will need to get 3 seperate quotes for the proposed energy efficieny work to be carried out. Those quotes will need to be sent to the seller of the Green Deal, who is not the person doing the building work - they are seperate entities.
A Green Deal advisor is a qualified and accredited person, and may work for a Green Deal Supplier such as a large energy company. That advisor will inspect your house and make an assessent, giving you a written assessment, and they will highlight your various options under the Green Deal.
If you have already had cavity wall insulation installed, and your loft if already insulated, then there may be little left under the Green Deal that you can benefit from except solar PV and solar thermal systems. You will need to ask your advisor for details of qualification.
Note. If you property is a modern build and already has an energy efficieny rating, then there will be little under the scheme that applies to you and your home.
Liverpool Green Deal grants
Many British homeowners, and even some tenants as well as businesses, will soon be able to receive energy efficieny improvements under the new grant scheme, all enjoying no up-front costs.
The cost of the insulation work to be done will be added to the properties energy bills, as well as an attachment against the property for when it is sold. It is hoped that electricity bills will not rise much after the work is done, and that the cost of the work will be spread over many years. It is hoped by the government that each benficiary of the deal will be better off.
Typical insulation work budgets wil be £5,750 - £8,500, so as you can imagine that will take a long time to pay off as a few quid added to your electricity bill. The house should be much warmer, but you will see the energy savings paid for as part of a highter electricity bill.
Background to the new scheme
The Energy Act 2011 includes provisions for the government's new 'Green Deal', which aims to reduce carbon emissions cost effectively by revolutionising the energy efficiency of British properties, by retrofitting older properties with cavity wall insulation, loft insulation as well solar PV or solar thermal systems.
The new Green Deal scheme aims to eliminate the need to pay upfront costs for energy efficiency measures and instead provides the opportunity for the cost of the work done to be covered by savings on the energy bill.
Note. Those savings will be countered in part by an rise in energy bills, rises to cover the cost of the work. The Green Deal is not a freebie, you will have to pay the cost of the building work back.
"ECO" - energy company obligation
A new "Energy Company Obligation" will operate hand in hand with the new Green Deal grants system, allowing supplier subsidy and Green Deal Finance to come together into one seamless offer to the end consumer.
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