Green Deal.

rogerblack

howee wrote: »

No that is incorrect, the deal is built around an EPC of the property and any measures are tailored to the savings for that house.

Doesn't this raise problems for someone who can't afford to heat their home, so is not currently heating it (properly?)

sheffield_lad

rogerblack wrote: »

Doesn't this raise problems for someone who can't afford to heat their home, so is not currently heating it (properly?)

The Green deal assessment involves looking at previous bills, using the EPC data and looking at how the property is used. The idea being the right recommendations are chosen for each home & occupier. Its not up and running until the end of Jan and there are bound to be issues but the scheme should help improve our housing stock which (insulation wise), is poor.

grahamc2003

wakeupalarm wrote: »

From my understanding what you pay back is what the typical home saves not your individual home.

So a low user would pay back more than what they are saving, and a high user less than what they are saving.

Yes, that's how I had it explained to me too. The payments are made on deemed savings, and the way they are calculated, I expect most will pay more (i.e. the lowered bills plus the repayments will be more than before). Also, these loans aren't interest free, so if the payments are quite low, then it could be donkey's years before they are repaid.

The fact that they are a loan on the property, presumably secured as a charge on the deeds, means I personally wouldn't touch them. If there was a green deal loan of say £5k on a property I was considering, (say the balance on an aging gas boiler and heating system) I'd simply expect the price to be reduced by that amount.

sheffield_lad

Again this incorrect.



The Expected financial savings must be
equal to or greater than the costs attached

to the energy bill,

known as “the golden rule”

of the Green Deal.

http://www.decc.gov.uk/assets/decc/legislation/energybill/1010-green-deal-summary-proposals.pdf

If there is a green deal on a house you are buying the amount you pay is offset by the amount you are saving by having the energy saving measures installed this includes the amount of interest.

grahamc2003

howee wrote: »

Again this incorrect.

]

I'm so pleased you know the system inside out.

I questioned a green deal assessor on this very point, and he said the repayments will be based on savings from an average installation, and specifically that, depending on circumstances, repayments could be more than your particular savings.

If you are simply relying on the headline bumpf as your total knowledge on this, I would be wary of declaring others who have spoken to assessors incorrect. I haven't read the T&Cs of the green deal, I'm just repeating what I have been told.

I don't really understand your last sentence.

southcoastrgi

i am happy to be corrected on this if my understanding is wrong, my understanding is that it doesn't cover new boilers only things like ground source heat pumps, solar panels etc etc as howee said the savings must be greater eg you save £30 per month on gas & they charge you £25 per month therefore saving you money & not actually costing you any outlay,. the company doing the work must be MCS approved so most independants won't be able to do it

more details here

sheffield_lad

grahamc2003 wrote: »

I'm so pleased you know the system inside out.

I questioned a green deal assessor on this very point, and he said the repayments will be based on savings from an average installation, and specifically that, depending on circumstances, repayments could be more than your particular savings.

If you are simply relying on the headline bumpf as your total knowledge on this, I would be wary of declaring others who have spoken to assessors incorrect. I haven't read the T&Cs of the green deal, I'm just repeating what I have been told.

I don't really understand your last sentence.

No headline bumpf Graham, how can you say you have read te t's & c's yet state incorrect information. For clarity every property has to have an EPC (post April 2012), I have no idea which assessor could have got this wrong being as that's what they are training for lol.

How can circumstances allow you to pay more breaking the golden rule?

Either your GD mate does not know what he is talking about or you have not paid enough attention to him.

Joyful

The site Howee linked to answered a lot of my questions and says there will be things in place for vulnerable people and low income if the golden rule will not work in their individual case. It also says Landlords must give tenants the info before they sign a tenancy agreement. As long as any niggles are ironed out I can see this being a good thing especially for all those that need their external walls insulated and could never afford it up till now.

withabix

The problems with the Green Deal include:

The inevitability of paying way over the odds for the product installed.

The unsaleability of your home, as the 'cost' of the Green Deal loan stays with the property. I can see big issues with insulation, double glazing, new heating etc, as house buyers expect such things to be priced in to the headline sale price of the property, not hung round their neck like a millstone for many years to come.

sheffield_lad

withabix wrote: »

The problems with the Green Deal include:
The inevitability of paying way over the odds for the product installed.

I heard the same worries over solar yet it has been a great success. Of course you may get some firms quoting above the norm but the big names involved in this (BG, Mark group,), and many others have been going years and will offer competitive deals or they are never going to be taken up or pass the golden rule.