Social Value
Green Deal Scheme
The Green Deal Scheme offers financial support for energy-saving upgrades.
Table of Contents
What is the Green Deal Scheme?
The Green Deal Scheme is a government initiative that aims to make it easier for people to invest in sustainable home improvements, without hefty upfront costs.
The scheme allows you to access borrowed funds to cover a wide range of energy-saving upgrades, such as adding insulation, switching to a heat pump, or installing solar panels.
One of the greatest perks of the Green Deal Scheme is how you pay it back. Repayments are added to your electricity bill which means the money you save on energy could easily cover the cost of your loan in the long run.
Am I eligible for a Green Deal loan?
All homeowners, landlords, and tenants in the UK can apply for the Green Deal and your eligibility depends on your property’s potential energy savings.
A Green Deal Assessor will visit your property to determine what improvements can be made and whether you qualify for a loan.
What happens after a Green Deal assessment?
After a Green Deal assessment, you’ll receive a report that details the energy-saving upgrades your home would benefit from and how much they will cost. It also estimates how much money you could save on your bills.
When you decide which upgrades to go for, an approved Green Deal provider like Bundle can do the work for you. The costs of your home improvements will be added to your energy bills, allowing you to pay for them over time with the money you save on energy.
What happens if I move house after taking out a Green Deal loan?
If you move house after taking out a Green Deal loan, the responsibility for repaying it stays with the property, not with you. This means the new occupants of your home will take over the repayments through their utility bills. When selling your house, you must inform potential buyers about the Green Deal loan, including details of the improvements made and the ongoing repayments.
What energy-efficient measures are available under the Green Deal?
Several energy-efficient measures are available under the Green Deal Scheme, including:
Insulation upgrades
- Cavity wall insulation
- External insulation
- Internal wall insulation
- Loft insulation
- Room in Roof insulation
Renewable energy and heating upgrades
How do I apply for Green Deal funding?
As approved Green Deal providers, the team at Bundle can help you apply for a Green Deal loan.
Simply get in touch, and we will:
- Help you arrange a Green Deal assessment of your home.
- Provide you with a quote for your recommended home improvements
- Start the installation following the approval of your Green Deal loan.
