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:
“by Spoon Rivergathering many a shell,
And many a flower and medicinal weed—
Shouting to the wooded hills, singing to the green valleys.
At ninety-six I had lived enough, that is all,
And passed to a sweet repose.”
—Edgar Lee Masters (1869–1950)
“The people needed to be rehoused, but I feel disgusted and depressed when I see how they have done it. It did not suit the planners to think how they might deal with the community, or the individuals that made up the community. All they could think was, “Sweep it away!” The bureaucrats put their heads together, and if anyone had told them, “A community is people,” they would not have known what they were on about.”
—May Hobbs (b. 1938)