Home Owners > Energy

New Energy efficiency Green Deal to start next year

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Banjo:
Under "Green Deal", homeowners will be able to borrow up to £10,000 to pay for energy efficiency improvements to their homes such as a new boiler or better insulation.

The loan plus interest would be paid through energy bills over a period up to 25 years. The debt would be with the home not the owner so a new owner would take over the remaining repayments if the home were subsequently sold.

Greenfinger:
Having an unpaid  loan may make the home more difficult to sell!

How does this work when you switch energy suppliers?

The Prophet:
More debt for home owners!
Not a good idea imo

Philofacts:
The subsidised "borrowing costs" could be added to everyone's energy bills.
Either by higher prices or increasing the Vat rate for fuel. 

The new energy-efficient gas boilers are not all good news.
See Condensing Boilers for more information

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