Green deal question

monty-doggy

I have twice registered to get an assessment from the green deal this was several months ago and I've still not heard anything back, has anyone had any success with it?

anselld

You are better off without it so I would class nil response as a success!

monty-doggy

I did wonder if it's too good to be true. Or so crap I couldn't understand it!

IDoDoodles

anselld, could you expand on why someone would be better off without it? I'm curious about people's experience with it.

I say this because we've been casually looking at ways to upgrade our soon-to-be new (old) house, and I myself don't understand enough about it yet past entertaining it as an option.

anselld

IDoDoodles wrote: »

anselld, could you expand on why someone would be better off without it? I'm curious about people's experience with it.

I say this because we've been casually looking at ways to upgrade our soon-to-be new (old) house, and I myself don't understand enough about it yet past entertaining it as an option.

It is essentially a long term loan paid for via the household energy bills.

There is a high interest rate contained in the financing.

It is likely you will not be getting the best deal on whatever improvement you want .vs. paying cash etc.

I think there are penalties for early repayment of the finance.

The deal stays with the property, albatross-like, until paid off and is therefore likely to be a problem if it comes to sell.

G_M

A friend applied for a new boiler under the ECO scheme which is part of the Green Deal.

It took a lot of hasstling, re-applying several times, but she finally got a brand new boiler for free.

Well worth the effort.

but yes, the standard GD scheme (not ECO) is a loan. As it stays with the property, I imagine any future buyer would be put off. I would be.

anselld

I didn't think ECO was part of Green Deal, but either way, my comments were against the standard GD loan scheme only.

IDoDoodles

Thanks!
Very good to know at this stage that it's not as shiny as it appears on the outside.

monty-doggy

I was looking at it for new windows. I can't afford to pay cash at the min to get them done and if the payments are offset against energy bill savings I figured I'd be no worse off because I don't have the cash to fund the saving?

Johnandabby

Don't bother if it's just for windows. Measures need to meet a golden rule where they will be paid off by reduced energy bills within a set time period - windows generally take 60 years to pay off so aren't included under the Green Deal

monty-doggy

That's great thanks. Not all my windows are I. Bad shape so I might just get them done bit by bit. Thank you.