The Green Deal Golden Rule

The Golden Rule

'The Green Deal's Golden Rule' is a rule that all property owners must pass. The Golden Rule is designed to protect the property owner and act as a back bone of the initiative. For more information you can read the whole article here.

The Golden Rule states that the energy saving a property makes in a 25 year period must be equal to or more than the cost of implementing the changes in the first place. Nobody wants to install an energy saving measure that wont pay for itself!

The Green Deal Golden Rule also says that the installations must be carried out by an accredited Green Deal installer. This is to ensure that the property owner is not investing money in work which will not save the property owner money on their energy bills.

Each property will be visited individually by a Green Deal Assessor, and then have  an amount of money allocated to buy the measures. With the emphasis of protecting the owner, the Green Deal Golden Rule will place a cap on the amount that can be collected in the first year of the Green Deal payment to the estimated annual savings. This also safe guards the installers and helps reduce the risk of the property owner not being able to make the payments. 



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