Thursday, 31 March 2011

Green Deal Recommending measures

Advisers will draw from a list of measures which have been approved for the Green Deal. The Secretary of State will stipulate in secondary legislation the criteria a measure must meet to be eligible for Green Deal finance. A corresponding list of products, materials and specification standards will be contained in a publicly available Code of Practice and updated regularly to enable a dynamic market
in technological improvement. The products will be those with the potential to improve energy efficiency in a property. The assessment will confirm whether they are suitable for property in question. It is possible that an adviser might be affiliated to a Green Deal provider and we are working with industry to assess the impacts of this. In such a case the adviser would be required by the Code of Practice to state clearly the difference between standardised advice and a sales offer. The Green Deal is focused on energy efficiency measures which meet the golden rule, that is, the expected financial savings must be greater than the costs attached to the energy bill. We intend that Green Deal finance could extend to other low carbon energy technologies in future, such as microgeneration and combined heat and power technologies, should they meet the golden rule. Initially, we expect such measures to be funded through alternative finance mechanisms that are already in place or under development, such as the Renewable Heat Incentive or Feed-In Tariffs. As this is not Green Deal finance, the energy bill repayment mechanism would not be used. However, aspects of the broader Green Deal framework, such as the in-property assessment, are likely to extend to cover microgeneration technologies. Source DECC.

Have your say about the proposals add your comments below.

For more information regarding the scheme for insulation, heating and renewable energy installers refer to the Green Deal www.greendealadvisersuk.com website.

Renewable Heat Incentive tariffs for RHI. For further reference refer also to Feed In Tariffs.

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