With the Green Deal, you can fund energy efficient improvements to your home without having to worry about the cost of these improvements. Rather than paying any lump sum, you will instead receive a loan and will pay back the cost of the energy efficiency upgrades you receive through this loan over a period of as long as 25 years.
These loans are a very wise investment – your loan repayments should be less than the savings you make on your gas and electricity bills. This means that the Green Deal can save you money over time while reducing the amount of energy you use and your carbon emissions. The golden rule of Green Deal loans is that the repayments must be less than the savings recipients make on their energy bills. The maximum value of a Green Deal loan is £6,500, and this is attached to the household rather than the person who made the loan, so the debt is transferred to the next homeowner should you move house.
You can also apply for a cash advance under the Green Deal, and apply for cashback after you have received and accepted a quote.
What can I receive through the Green Deal?
You can receive a huge number of products through a Green Deal loan, all of which will improve the sustainability of your household and cut your gas and electricity bills. These include:
- Replacement gas boilers
- Replacement central heating systems
- Renewable energy generation devices
- Loft, cavity wall and solid wall insulation
247 Home Rescue are pleased to be able to help people from all over the UK investigate the Green Deal and can help you understand the energy efficiency improvements you can receive through this policy. Fill in our online enquiry form or give us a call on 0345 3192 247 if you would like more information.