Consultation on Green Deal begins
THE government has launched a consultation on its Green Deal programme to promote energy efficiency.
The scheme is designed to encourage homeowners to take out loans to help make their properties more energy efficient. It aims to entice private investors to offer up to £10,000 a household as a loan paid back through savings on energy bills.
The loan would come with a promise that consumers would save money on their bills, including repayments and the debt would be tied to the home and its energy bill – not the owner or occupier.
But critics fear that take up will be poor and say that there is also a risk that the loan will make a house harder to sell.