A blog post

Solar Energy included in “Green Deal”

Posted on the 02 June, 2011 at 10:29 pm Written by in Blog, Finance, Government, Incentives

Homeowners could be able to borrow money to pay for solar panels and other forms of renewable generation under the government’s Green Deal initiative, the department for energy and climate change has announced.

4kWp PV array by PV FIT Ltd

The move is another boost for the Green Deal after it was announced on 26 May that the government’s new GreenInvestment Bank would be able to lend the scheme money.

Solar panels will only be covered if they meet the Green Deal’s ‘golden rule’ that the cost of the installation will be recouped over a certain amount of time through lower energy bills, probably 25 years.

In addition, climate change minister Greg Barker also unveiled:

  • Plans to set up a new Green Deal Code to protect customers
  • Plans to set up a new Green Deal advice line for consumers
  • The formal appointment of the United Kingdom Accreditation Service (UKAS) that will accredit Green Deal installers and assessors

See full article in building.co.uk