Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
The Government’s flagship Green Deal energy efficiency programme was described on Saturday as being “in tatters” as it emerged that not one household has been assessed under the scheme yet.
The Telegraph reported that Households have had since October 1 to have their home assessed for the scheme prior to the finance kicking in from January 31.
However climate change minister Greg Barker says that, as yet, no homes have had their assessments logged on the official Government register, although he believes that many have made appointments.
Under the Green Deal people can borrow up to £10,000 from a private sector loan provider and have loft and wall insulation fitted in their homes. The loan is repaid over a period of up to 25 years through higher energy bills.
In theory, having the work done will mean that energy expenditure will fall.
Central to the deal is the ‘golden rule’, which states that the expected savings that a homeowner ultimately makes must be equal to or greater than the cost of the work being done.
DECC last month announced a £125 million ‘cashback’ scheme, offering homes up to £1,000 if they sign up as ‘early adopters’.
Barker was running a live webchat on the Green Deal this morning, although the number of questions submitted out-paced the answers.
