Green Deal 2017 Finance can help you whether or not you qualify for an Affordable Warmth Scheme ECO Grant to upgrade your heating system or install insulation.

If your ECO Grant does not cover the full cost of installing new electric storage heaters or a new boiler you may need to contribute to the cost of installation.

If you can’t afford the contribution amount you may be able to use Green Deal 2017 Finance to cover this cost.

You can apply for Green Deal 2017 Finance to pay for a new boiler, new storage heaters or to install insulation in your home.

There is no deposit and you do not repay the loan directly. Repayments are covered by savings made in your heating bills.

Green Deal 2017 offers loans for energy efficiency improvements such as new boilers, electric storage heaters, and insulation in domestic properties.

The idea is that the repayments are paid for by savings in heating bills as a result of making your home more energy efficient. This is known as the Golden Rule.

The Green Deal was withdrawn in July 2015 due to a low take up of loans by around 13,000 householders. Those loans are unaffected by these changes.

The National Audit Office concluded that it increased costs for energy companies and customers ‘without any meaningful benefit’.

The Government has sold the Green Deal Finance Company to private investors who intend to make changes to improve how it operates.

The new owners intend recruit more installers to the scheme and to improve marketing of Green Deal 2017 to better inform potential customers.

One of the criticisms of the original Green Deal was that it was too complex and took too long from initial enquiry to installation.

The new owners intend to simplify the way Green Deal 2017 operates and add new energy efficient products to the scope of the deal.

We work with a network of accredited companies around the UK who install:

• Electric Storage Heaters
• Gas, Oil, LPG and Solid Fuel Boilers
• Air Source Heat Pumps
• Cavity wall Insulation
• Loft Insulation

These companies are already accredited by ECO and have Affordable Warmth Scheme funding to arrange ECO grants to help householders install the above products.

Some installers have been accepted into the Green Deal 2017 Scheme and others are in the process of joining it.

We can introduce householders to companies which can offer both ECO Grants and Green Deal 2017 Finance so that the process runs more smoothly. We also intend to widen the range of products we cover to include:

• Solar photovoltaic panels
• Solar thermal water heating systems
• Heating controls
• LED lighting
• Battery storage systems

Owner Occupiers

The main market for the Green Deal 2017 initiative is expected to be owner occupiers who need to upgrade their heating systems but can’t afford to. With the Green Deal this group of people can have a new boiler or electric storage heaters installed with no upfront cost.

Rented Properties

Additionally, from next year all rented homes must have an energy efficiency rating (EPC) of E or above. Green Deal 2017 offers a way to upgrade heating and insulation in rented properties with upfront cost to either the tenant or the landlord.

• New or Replacement Boiler (gas, oil, LPG, solid fuel or biomass)
• Ground Source and Air Source Heat Pumps
• Innovative Hot Water Systems
• Fan Assisted Electric Storage Heaters
• Flue Gas Recovery Devices
• Heating, Hot Water and Lighting Controls

• Cavity Wall Insulation
• Loft Insulation
• Floor Insulation
• Solid Wall Insulation
• Draught Proofing
• Heating System Insulation

Applications for Green Deal 2017 Finance must meet the following criteria:

• Applicants must be at least 18 years old
• The property where the installation will occur must be a fixed address in England, Scotland or Wales.
• Applicants must consent to a credit check.
• Applicants must provide a recent copy of their Electricity bill (within the last 6 months)
• If you are a tenant, you will require your landlord’s permission.
• If you are a landlord, you will require your tenant’s permission.

An Accredited Green Deal Assessor will visit your home and prepare a Green Deal Advice Report.

This will recommend which energy saving home improvements will pay for themselves through lower energy bills over their lifetime.

Arrange your Green Deal 2017 Assessment today.

The measures which you have chosen from your Green Deal Advice Report will go into your personal Green Deal Plan.

This sets out the work to be carried out, the repayment amounts and interest rate chargeable.

We’ll then help you to complete your Green Deal Finance Application.

Once your Green Deal Finance Application has been approved you will receive a Green Deal Plan document pack explaining what happens next.

After you have reviewed and approved this we will arrange for a Green Deal Accredited Installer to fit your new energy efficient products.

Your Green Deal Plan repayments will be added to your electricity bill but the repayments should be no more than the amount you save due to improved energy efficiency.

This is known as the Green Deal ‘Golden Rule’, that is, repayments will be no more than savings made due to improved energy efficiency.