Thursday, 26 September 2013

UK's Green Deal finally starting to take off

UK's Green Deal finally starting to take off

Newly released figures show that 81 per cent of UK homes are installing at least some energy efficiency measures after having had a Green Deal assessment,despite the low uptake of the scheme's related finance packages

The figures seem to support ministers' claims that the Green Deal assessments are "inspiring" energy efficiency behavior among consumers.An encouraging sign after the slow start to the scheme.

Earlier reports from the Department of Energy and Climate Change (DECC) shows that 56 per cent of homes undergoing Green Deal assessments up to the end of June( some 44,000 in total) have already installed at least one energy saving measure.
(DECC) also found that six per cent were in the process of having something installed, while a further 19 per cent planned to.
More encouraging for the government, nearly one quarter of those planning to install measures say they would take out a Green Deal finance package to pay for it.However,this element of the Green Deal is still way off its yearly 10,000 target.Critics blame the relatively high interest rates offered by the Green Deal Finance Company.Homeowners are increasingly choosing to fund their own energy efficiency measures.

The Scheme got a further boost on Thursday, when the figures for July/August were released and showed a 62 per cent increase in the uptake of finance packages.Since the scheme started in January some 71,210 Green Deal assessments have been undertaken.

Energy and Climate Change Secretary Ed Davey has defended the slow start to the scheme,arguing it would take time to get off the ground. "The Green Deal is a completely new, ambitious and long-term programme. It's still early days but the results from this latest research really underline that people want to take action to make their homes warmer and more efficient, and to keep their bills down."

Many organisations,including the UK Green Building Council have urged the government to promote the Green Deal scheme even more by providing further incentives,such as tying energy efficiency improvements to stamp duty or council tax breaks, or extending the existing £125m scheme that provides cashback for early adopters of the Green Deal.

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