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Scheme to help thousands “stay warm for less"

Scheme to help thousands “stay warm for less"

Category: Gas and electricity

Updated: 28/01/2013
First Published: 28/01/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Department of Energy and Climate Change (DECC) has launched a scheme today to help households reduce energy costs and make their homes more energy efficient.

Under the Green Deal scheme, UK households will be offered loans to assist with making improvements such as loft insulation and new energy efficient boilers, without any upfront costs.

Applicants for the loans will be subject to an independent review of their home, after which a Green Deal provider will calculate quotes for the proposed work before carrying out the required changes.

All necessary improvements will be covered with low cost loans through the Green Deal Finance Company, and recouped gradually over a maximum period of twenty-five years through customers' electricity bills.

Deputy Prime Minister Nick Clegg said: "The Green Deal will help thousands of homes stay warm for less. Those people will benefit from energy saving improvements - and their energy bills will fall.

"The UK green sector is a success story. It is the sixth largest in the world and has a crucial part to play in building a strong economy."

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