Green Deal MSE Guide Discussion

Tryingtomove · 29 April 2014 at 9:47AM

Me again looking for further advise if anyone can help!

Just found out this morning our purchasers had withdrawn their offer.

We have decided to try and pay off the green deal and solar panels. We have external wall insulation, rough casting, new boiler and solar panels fitted.

Can anyone tell me if we then sell the property, green deal free, and the new purchaser benefits for the feed in tariff will this tariff add value to the house?

Any thoughts would be appreciated very much! Thank you

Richie-from-the-Boro · 29 April 2014 at 1:32PM

Tryingtomove wrote: »

Thank you Richie from the boro

Yes this has been one aspect we have been looking into. It will cost a fair whack. On top of this there are hefty repayment charges. To be honest my husband is seriously in the dog house, I personally would never had agreed to this deal. Most if this has only came to light for me as we have been trying to move.

I never signed the credit agreement, even though I own 50% of the property, the solicitor has pointed this out. I don't know if I can take this further? Is a green deal agreement like any other, or do you only need the bill payers signature. I work so help to pay my share of bills and the mortgage however I am not named on the energy bills.

Sorry for going off the track!

I don't mean to put anyone else off, if you feel its right for you then go ahead and do it, but be careful. Should you need to sell nothing much will happen as lenders wont touch it!!

signed the credit agreement / do you only need the bill payers signature

-I've no idea, I suspect if you get two contract law specialists together they would not agree on the same outcome

I am not named on the energy bills

- is your loan green deal [direct bankers loan] or ECO [indirect energy company clawback] loan ?

Sorry for going off the track!

- you are not going off track, you are precisely on-track
- every aspect of the green deal / ECO funding model is part of your original [in the first place] decision to go ahead

if we then sell the property, green deal free, and the new purchaser benefits for the feed in tariff will this tariff add value to the house?

- yes
- you I suspect will get zero, at that point they are not your panels, and its not your roof, unless you go rent-a-roof, in which case the new owner could charge you £20 roof rent for every £10 you earn

Best of luck Tryingtomove.

captainhindsight_2 · 29 April 2014 at 1:52PM

Fanofmartin wrote: »

I have been following your posts on the green deal for a while and you seem incredibly knowledgeable about the whole thing, I am guess you are in the business. I am frustrated and confused about the whole thing and would value your opinion on what I should do.
Sit rep: 3 storey end terrace Victorian house, damp but recommended insulating will improve situation.
Best deal?
External wall insulation is v expensive.
ECO - how much could I get?
Green Deal finance - only would save £350 per year on fuel bills. Have no idea how they work the finance deal out as I haven't found a single provider that has got back to me with a quote. And the cashback would only be £4000.
So I am in a situation where I don't know which way to turn, do I get a quote for internal wall insulation or external wall insulation? I have spend hours and hours on trying to sort this out and am no further forward. The work HAS to be done this summer when the house is empty.

Thank you...

The green deal finance is capped and the savings made by that measure then anything else is paid for by the householder or / and an ECO grant.

Probably the best thing todo, is to get the EPC, Occupancy Assessment, the xml file (which the person/company who did the assessment should be able to give you). Take some photographs of the house and try and measure how many square metres of wall there is and maybe draw a diagram of the external walls (where windows are etc) and then send this information to as many installers as you like.

This will give them all the information they need to give you a quote and how much ECO funding is available, and it will mean they don't have to come out just to give you a rough idea of what they can offer you.

External wall insulation is less disruptive, with internal wall insulation your making your rooms slightly smaller. New skirting boards, relocate sockets on the wall, move door frames etc..

When youre looking for a provider, not all providers can give you a green deal plan see here for a full list of those who can. Hopefully this will help.

captainhindsight_2 · 29 April 2014 at 1:58PM

jimbo49 wrote: »

not able to dispute what you say, captainhindsight, but i do know the people living opposite my parents had to have the company given, as it were. they only took about 2.5 days, but were definitely from somewhere well away from our area. i just thought it too big a problem. the last thing needed when a problem rears it's ugly head with the boiler or some associated part is to have to wait a few days to get it fixed under a guarantee. 99% of breakdowns happen in winter with the boiler working harder, longer and more often, so having delays in repairing is not a good choice.
however, i would dearly like to know how to find out a company carrying out work under the scheme that is local to me. how are accredited, named companies found? they must be listed somewhere.

Full list of green deal participants can be seen here showing 3337 companies nationwide. I am sure that one of these companies is local to you.

The scheme is designed in away so it is open to any company willing to follow the PAS2030 regulations and become accredited creating much more competition and better value.

captainhindsight_2 · 29 April 2014 at 2:19PM

Tryingtomove wrote: »

I never signed the credit agreement, even though I own 50% of the property, the solicitor has pointed this out. I don't know if I can take this further?

In regards to the loan its self, this is attached to the electricity meter not the house and is the responsibility of the bill payer. So if you are not the bill payer you would not need to sign the credit agreement.

However permission is needed from the homeowner before any works are carried out.

What should have happened is the homeowner/s and the bill payer/s are given a quote for the works, and a Green Deal Plan.

The works and the plan then need to be approved by both the homeowner and the bill payer.

The GDP would have obtained a copy of the title deeds and should seek approval from everybody named on the title deeds and every body responsible for paying the electricity bill.

If this hasnt been done, maybe they have something to answer for.

Fanofmartin · 29 April 2014 at 2:31PM

captainhindsight wrote: »

The green deal finance is capped and the savings made by that measure then anything else is paid for by the householder or / and an ECO grant.

Probably the best thing todo, is to get the EPC, Occupancy Assessment, the xml file (which the person/company who did the assessment should be able to give you). Take some photographs of the house and try and measure how many square metres of wall there is and maybe draw a diagram of the external walls (where windows are etc) and then send this information to as many installers as you like.

Thanks for that, what is the xml file, have heard it mentioned before but I don't have it...?

captainhindsight_2 · 29 April 2014 at 5:20PM

Fanofmartin wrote: »

Thanks for that, what is the xml file, have heard it mentioned before but I don't have it...?

The XML file is the EPC but in computer language... the installer can use the XML file and input it into their software and it will tell them how much savings will be made by the exact specification of the materials they use and therefore how much money would be available from ECO for them to carry out the installation.

There should be no reason the assessor wouldn't give it to you, some might charge you for it though but they shouldn't really if you've already paid for the assessment.

captainhindsight_2 · 1 May 2014 at 12:51PM

Hello all, announced today the green deal home improvement fund. At first glance it essentially looks like an extension the the green deal cash back which is is really...

Up to £6000 cash back for solid wall measures
£1000 for dual measure installations and £100 back for the assessment. And if you bought the house within the last 12 months and extra £500

More information can be seen here so depending on what your having installed it could be worth holding back until June to claim this rather than the green deal Cashback.

RickMoney · 1 May 2014 at 2:16PM

captainhindsight wrote: »

Hello all, announced today the green deal home improvement fund. At first glance it essentially looks like an extension the the green deal cash back which is is really...

Up to £6000 cash back for solid wall measures
£1000 for dual measure installations and £100 back for the assessment. And if you bought the house within the last 12 months and extra £500

More information can be seen here so depending on what your having installed it could be worth holding back until June to claim this rather than the green deal Cashback.

Hmm seems like good timing. Had an assessment today so I hope they reference this new cashback scheme.

Thanks for the info.

Rick

Smiley_Dan · 1 May 2014 at 2:17PM

Thanks captainhindsight, this looks like an alternative for funding CWI to waiting for the CERO cash to come through. We moved in to our house in September so might be worth thinking what else we can do from the list!

Green Deal MSE Guide Discussion

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