Green Deal is a Government promoted scheme that is designed to help you make energy-savings improvements to your home without you having to pay all the costs up front.
Energy-saving improvements include:
- Insulation - e.g. loft or cavity wall insulation
- Draught proofing
- Double glazing
- Renewable energy technologies - e.g. solar panels or wind turbines
With Green Deal you basically are provided with a loan to have the qualifying improvements installed. You then repay this loan based on the expected savings. The concept is that the savings you make will pay the cost of the loan and the interest (you do need to be aware that this is NOT guaranteed so you must carefully study any offer made to you).
If you do have a Green Deal then the loan which is payable to the Energy Supplier is transferred to the new supplier when you transfer energy suppliers. The loan repayment remains exactly the same it does not change
BUT, only certain suppliers participate in the Green Deal, at 1st July 2013 only the big six participate, this means that if you do have a Green Deal and state that you do then our energy comparison results will ONLY include results from the big six.