Green Deal Has a Great First Month

According to figures released by the Department of Energy and Climate Change, more than 1,800 property assessments have been carried out in the first month of the government’s Green Deal scheme.

The Green Deal, which was launched in England and Wales on January 28th, is a government scheme that allows homeowners to make improvements that will increase the energy efficiency of their property.  They can then pay off the cost of the work in installments through their energy bills.

This is of particular interest to landlords, as it allows them to improve the Energy Performance Certificate rating of the homes in their portfolio at no direct cost to themselves.

The Energy and Climate Change Secretary Ed Davey said the scheme had got off to “an excellent start”.  He added: “We’re seeing clear signs of a promising new market gathering momentum.  In little more than a month, there have been 1,803 Green Deal assessments and that shows genuine interest from consumers.”

There have been fears that having a green deal charge over a property could cause problems when the property is resold, and that the cost of the work would, in fact more than it would be if you simply paid upfront for the work to be done.

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