The Green Deal | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-06-04

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/The_Green_Deal


00:02:05 1 History
00:05:59 2 How it worked
00:08:16 3 Improvements covered
00:10:48 4 Criticism
00:14:47 4.1 Fuel Poverty
00:15:35 4.2 Interest Rate
00:16:39 4.3 Mortgageability questions
00:18:13 4.4 Risk of overheating
00:18:56 5 The Green Deal Home Improvement Fund (GDHIF)
00:22:54 6 The Green Deal Finance Company
00:24:18 7 See also



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Voice name: en-GB-Wavenet-D


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SUMMARY
=======
The Green Deal was a UK government policy initiative that gives homeowners, landlords and tenants the opportunity to pay for energy efficient home improvements through the savings on their energy bills. At the heart of the Green Deal is the rule that savings on bills will exceed the cost of the work. By meeting this 'Golden Rule', consumers will be able to receive energy savings for free. Consumers will then pay back the cost of such improvements through the expected savings in their energy bills. There were 45 different types of improvements available under the Green Deal, ranging from loft and cavity wall insulation, innovative hot water systems and condensing boilers to more costly measures such as solar thermal energy or solid wall insulation.
This was a unique financial structure with no debtor, instead the burden stayed with the property no matter the tenant.  This means new tenants or owners become liable for the payments for the energy efficiency improvements, requiring new legislation in English law.  Government estimates say that a typical three bedroom semi-detached house could save £270 a year from solid wall insulation.It was hoped the Green Deal would lead to the renovation of the UK's housing stock with an estimated 14 million homes seeing energy efficiency improvements ranging from; double glazing, cavity wall and loft insulation through to gas and oil boilers, and renewable technologies such as solar PV, solar thermal and heat pumps.