Green deal to save en­ergy is launched

Yorkshire Post - Property - - PROPERTY -

THE government’s Green Deal was launched this week.

Un­der the scheme, house­holds can ap­ply for long-term loans for en­ergy-sav­ing im­prove­ments, such as in­su­la­tion, new boil­ers and so­lar pan­els.

The loans will come from the Green Deal Fi­nance Com­pany, a government backed, non-profit mak­ing or­gan­i­sa­tion. There is a £63 set up charge and £20 a year an­nual fee.

The re­pay­ments will be made through elec­tric­ity bills at­tached to the house for pe­ri­ods of up to 25 years,

Should house­hold­ers sell their home, the loans will need to be taken on by the new owner. Crit­ics say this could af­fect saleabil­ity.

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