The Green Deal will enable householders to invest in energy efficiency improvements to their homes, at no upfront cost, that will pay for themselves through savings on their energy bills. The money to pay for the improvements will be borrowed from a Green Deal provider who will arrange for the measures to be installed. It is expected that the repayments plus reduced energy bills will always be lower than energy bills were before installation of the measures

The finance will be tied to the property rather than the householder and repayments will be made via the householder's energy bill. The effect of this will be that where Green Deal finance has been taken out to pay for energy efficiency measures, and the householder subsequently moves before the loan is repaid, the new occupant will take over responsibility for the repayments, while still enjoying the benefit of lower fuel bills.

Legislation will be required to establish the overall framework for the Green Deal, including the ability to link Green Deal finance to a property. This means that the Green Deal is not expected to be up and running until about mid-2012.

Energy Performance Certificates are expected to have a major part to play alongside the Green Deal. Stacey Surveys Ltd is therefore in a prime position to help take this new initiative forward.

More information on the Green Deal can be found here:

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