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Government to Pull Plug on Green Deal

July 27, 2015
Housing

The government’s flagship Green Deal energy efficiency scheme is to end after just 15,000 home owners took up the offer. Originally launched in 2013, the first round of the offer attracted just 1,754 applications for cheap long term loans towards energy efficiency measures which were repaid through energy bills. Overall just £114 million of an allocation of £540 million has been distributed.

Energy and Climate Change Secretary, Amber Rudd announced the removal of the Green Deal saying; “We are on the side of hardworking families and businesses – which is why we cannot continue to fund the Green Deal. It’s now time for the building industry and consumer groups to work with us to make new policy and build a system that works. Together we can achieve this government’s ambition to make homes warmer and drive down bills for one million more homes by 2020 – and to do so at the best value for money for taxpayers.”

It’s unclear if the thousands of householders who have paid £120 for a nonrefundable Green Deal assessment will lose their money. Despite proving far more popular, the Green Deal Improvement Fund which offered homeowners cash back on the installation on measures such as cavity and solid wall insulation, is also due to close in September. The government have already announced an end to onshore wind farm subsidies, curbs on solar subsidies and dropped regulations to make all new homes zero carbon by 2016.