Update for Green Deal Loans
Designed by the Government to improve the Energy Efficiency of the poor performing houses, The Green Deal has now given rise to reform. A further £150m a year is being released from 2014 for the next 3 years. This money will be targeted towards the following:-
- A Stamp Duty Rebate worth at least £1,000 and up to £4,000 for any who have recently moved house. It is expected that 180,000 homes will be improved under this part of the scheme.
- Further targeted investment within the Private Rented Sector is intended and designed to help Landlords to meet the standard E Rating for EPC (Energy Performance Certificate). Those seeking to rent from April 2018 will need to ensure they meet this standard in any event.
- £90m of the overall £540m package will help improve the energy efficiency of public sector buildings, including Schools and Hospitals.