Landlords and Commercial Property Owners Benefit from The Green Deal according to The Green Deal Hub

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The launch of the Green Deal scheme by the UK Government in October 2012 will benefit landlords and commercial property owners, allowing them to make essential improvements to their properties, as required by the impending 2018 Energy Bill. The Green Deal Hub website is a great source of information about the Green Deal.

The Green Deal Hub aspires to raise awareness, share information and provide useful links and opportunities related to the Government’s revolutionary Green Deal initiative.

The Green Deal scheme, set to be launched by the Department of Energy and Climate Change (DECC) in October 2012, will allow UK property owners to make energy efficient improvements to their homes and businesses, without the restrictive up-front costs that are usually associated with property improvements, in time for the impending 2018 Energy Bill.

The Green Deal scheme, which will be widely available to UK residential property owners as well as for rental and commercial properties, is designed to allow energy efficiency, property improvement loans to be paid back via energy supplier utility bills, in the form of monthly instalments.

Commercial property owners and landlords will be able to make improvements to their properties, helping to create long-term savings on energy bills, and achieve the minimum standard of ‘E’ on the Energy Performance Certificate (EPC) – a requirement of the forthcoming 2018 Energy Bill.

The 2018 Energy Bill, which is being used by the Government to help raise energy ratings of homes and properties across the UK, will enforce landlords to demonstrate they have done all that they can through the Green Deal scheme and other subsidies to improve the EPC rating of a property. A minimum standard of E will be required for all rental properties.

In addition, by 2016, the new legislation will enable tenants to demand reasonable energy efficiency improvements from their landlords. Local authorities will also compel landlords to make the improvements to rental properties.

The Department of Energy and Climate Change (DECC) has estimated that by April 2018 at least 682,000 properties will have benefited from energy efficiency improvement works, many of which will have been implemented via the Green Deal.

The Green Deal scheme is being welcomed by UK landlords as it is seen as an innovative way forward in terms of property improvement loans and re-payments. Through the scheme there are no upfront costs – instead the cost of improvement works can be attached to the utility bills of the property, and paid over a period of time. Energy efficiency improvements to homes and businesses will see tenants benefit from warmer and more comfortable properties and most importantly, reduced energy bills.

The Green Deal Hub aspires to raise awareness, share information and provide useful links and opportunities related to the Government’s revolutionary Green Deal initiative. The website provides a wealth of information about the Green Deal scheme, offers advice on which type of properties qualify for the initiative, and contains a database of accredited providers, assessors and installers. More information can be found on http://www.thegreendealhub.co.uk

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Simon Wadsworth
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