The Green Deal
The Green Deal provides low interest loans for energy efficiency improvements to the energy bills of the properties the upgrades are performed on. These debts are passed onto new occupiers when they take over the payment of energy bills. The costs of the loan repayments should be less than the savings on the bills from the upgrades, however this will be a guideline and not legally enforceable guarantee. It is believed that tying repayment to energy bills will give investors a secure return. The Green Deal for the domestic property market was launched in October 2012. The Commercial Green Deal was launched in January 2012 and released in a series of stages to help with the varying needs and requirements of commercial properties.
Read more about this topic: Energy Efficiency In British Housing
Famous quotes containing the words green and/or deal:
“Lift your eyes
Where the roads dip and where the roads rise
Seek only there
Where the grey light meets the green air
The hermit’s chapel, the pilgrim’s prayer.”
—T.S. (Thomas Stearns)
“I think that we may safely trust a good deal more than we do. We may waive just so much care of ourselves as we honestly bestow elsewhere. Nature is as well adapted to our weakness as to our strength.”
—Henry David Thoreau (1817–1862)