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Because of the Green Deal policy in the UK, many homeowners that use renewable technologies can now receive incentives. However, the one thing that every owner of renewable technology should know is that the green deal comes with a golden rule. According to the Department of Energy and Climate Change’s 2010 Green Deal Summary Proposals, the golden rule states "the expected financial savings must be equal to or greater than the costs attached to the energy bill." This means that the savings you get by installing any energy efficiency measure in your home should be more than the repayment of your Green Deal loan.

 

 

The Green Deal Golden Rule

 

Under the Green Deal Golden Rule, homeowners should have energy efficiency measures like double glazed units installed by accredited green deal installers. This assures you that the double glazed windows or doors you had installed in your home will really save you money.

 

The golden rule protects the homeowner but it also serves as a precaution and assurance to the installers that you will make payments to the Green Deal loan. The golden rule also places a cap on the amount that you have to pay in the first year of the Green Deal and on by how much the payment will increase in the following years.

 

Returns on Investment

 

As stated in the DECC’s summary proposals, the golden rule is "not the government's guarantee but a guideline for consumers." This means that although your energy efficiency units were installed by an accredited installer, the amount of money you will save isn’tguaranteed especially in the long run since it is impossible to say how energy costs will change in the future. One thing you can be sure of, however, is that you will be spending less on your energy bills because of you energy efficiency unit.

 

Visit our website to find out more about how you can save by having double glazed units installed in your home.

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