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Green Deal in the news
This week has been a mixed bag for the government, they can rally around the fact that the UK got voted the most Energy Efficent developed nation, which sounds surprising when you think about the effort that Germany puts into it’s Green economy. But appaerently we have Greener buildings that the Germans, more information can be found here.
The Solar industry took legal action this week against the Government for their slashing of the Feed In Tariff back in 2011. Installations fell by 90% over the following months and the 3 compaies going to the courts are seeking £2.2 Million in compensation. The current rate of 21p Per KwH could be slashed again over the coming months, so new installs will have do work out the sums on when they will get there Return On Investment.
This brings me nicely on to the Green Deals Golden Rule, which gets a bit of a pasting in the press recently. The Golden Rule states that the measures that are installed into a property will have to pay for themselves over the time of the loan, to qualify for the Green Deal. Now what happens if markets move and the Feed In tariff drops to 2p per KwH? Then the Golden rule goes out the window and you’d never get your return back. The DECC have been a bit tight lipped about this one and it’s also one of the reasons why Double Glazed windows haven’t featured to strongly, the initial outlay is too high to get a decent return.
If the Green Deal is going to be the huge success we hope it to be the Golden Rule needs to be further refined. When we spoke to the press department at the DECC they did like to point out that the Green Deal loan can be used as part of the financing for larger projects.
Looking forward it will be interesting to see the press and print campaigns that must be around the corner in relation to the Green Deal. Watch this space…
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