The Department of Energy and Climate Change (DECC) has announced it has earmarked million for The Green Deal Finance Company (TGDFC), which will allow the TGDFC to continue developing its offer of low-cost finance, expected to be available in early 2013.
Under the scheme, consumers are can repay the upfront costs of any work through a low-cost loan recouped through savings on energy bills, aka. ‘pay as you save’ loans.
The chief secretary to the Treasury, Danny Alexander, also announced that the Green Deal scheme is being considered for the use of guarantees for major UK infrastructure projects, and could potentially support up to £40 billion of investment. In addition, the register for Green Deal providers, assessors and installers is now open allowing organisations to begin the Green Deal authorisation process.
The DECC website now offers information on what is required to achieve the Green Deal Quality Mark and how to become an authorised provider, assessor and installer.
It is hoped that the Green Deal with open up the energy efficiency market, enabling small and medium-sized businesses to enter and innovate. Up to 60,000 jobs are expected to be created by the introduction of this energy efficiency scheme.
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Visit www.decc.gov.uk for further information.