Green deal in the press.

[TedM]

7% interest plus setup fee plus annual fee - someone will be making a profit (presumably private sector rather than public sector).

However, where does the cost of the cashback scheme come from - the profits of the financial companies or the tax payer?

Matthew

AFAIK the cashback is funded directly by DECC, so it is all coming from the taxpayer. £40 million guaranteed, plus maybe more after all that is gone, from an overall launch incentive budget of £200 million.

The actual cashback amounts are only guaranteed for the early customers and the rates on offer may drop if take-up is high.

 

[mdovey]

OK, so the tax payer pays for incentives to encourage people to take out loans from which the private financial sector benefits due to the lucrative rates, and high early payment penalty charges.

So we've basically moved from DECC subsidising the eco industry to DECC subsidising the financial industry?

 

[Gavin A]

that pretty much sums it up.

Along the way some energy reductions should occur to help meet government targets, but those repaying Green Deal loans are unlikely to benefit much from this until the loan is paid off, unless energy prices rise pretty steeply (which tbf they are going to).

 

[SRE]

Just seen Barking in an interview with BBC telling them you can get a front door on GD - You can't blame double glazing firms when that muppet is doing it himself!

I never thought I'd see the day when I'd stick up for double glazing firms

 

[whinmoor]

This paragraph sums it up nicely:

"Here are some of the hoops needed to be jumped: to enter the scheme, you need a green-deal assessor who works for a green-deal adviser organisation to undertake a green-deal assessment of your house, which will result in a green-deal advisory report. This will be lodged with a green-deal provider who will devise a green-deal plan. The work will then be undertaken by a green-deal installer to standards overseen by the new green-deal oversight body."

Simple, isn't it?

The green deal is just for fatcats, not consumers | John Vidal | Comment is free | The Guardian

 

[Vegelen]

Excerpts From Whinmoor's Excellent identified article:

"Behind the cosy language of reducing bills, keeping granny warm and helping the poor a massive bureaucracy has been erected, whose effect will be to keep out ordinary tradesman, co-ops and small renewable-energy companies. We are told this is to protect homeowners from sharks and cowboy builders, but it seems designed to ensure only large installation and energy companies profit from the anticipated market.".

"The green deal promises the opposite. We are being encouraged to borrow more money at well over the mortgage interest rate to help the banks profit more. The energy and climate mess we are in has been created by governments and energy companies encouraging profligacy and ignoring energy saving for years. We are now being asked to pick up the bill."

So "the Green Spiel" is bureaucratic, lends money at exhorbitant interest rates and is designed to benefit large companies / finance institutions in preference to the customer / excellent independent tradesman on this forum.
It is a big thumbs down for me.....:uhoh2: :nuke:

 

[JulianC]

You know what? F*** it. Good luck to all those persevering with this sham of a Mean Deal but I really cannot be bothered jumping through a load of hoops to get on board a scheme that does next to nothing to benefit the homeowner. Debt is debt, whichever way you dress it up. Interest rates are ludicrous and the fundamental flaws in the scheme, which have been highlighted since day one, still appear to be there. Golder Rule my arse. The greater the divide between the work I do and the ball brained schemes of our dear government, the happier I will be.

 

[sedgy34]

This paragraph sums it up nicely:

"Here are some of the hoops needed to be jumped: to enter the scheme, you need a green-deal assessor who works for a green-deal adviser organisation to undertake a green-deal assessment of your house, which will result in a green-deal advisory report. This will be lodged with a green-deal provider who will devise a green-deal plan. The work will then be undertaken by a green-deal installer to standards overseen by the new green-deal oversight body."

Simple, isn't it?

The green deal is just for fatcats, not consumers | John Vidal | Comment is free | The Guardian

We are GD installers and assessors, we are going the ECO route first maybe GD customers will come to us themselves

 

[finchy]

Good Thread, I just hope that someone wakes up in the government, they seem to be driving into a train crash !

The biggest Question is how does a new 2K boiler save £20 (1/3 of total energy bill) a month (the example used on the BBC) and how long will it take to pay off. Whats the average life of a boiler before they either fail or become inefficient. Its all to hypothetical.

 

[sedgy34]

Hmmm few developments today! Oh yeh that green deal started didn't it. Lol

 

[Vegelen]

Metaphorically.

 

[finchy]

I wonder how much the person got paid who came up with the name "Green Deal" does sound good. Have you got the Green Deal.... Although I dont think people be bragging about the green deal as they were with the 43.3p FIT.

 

[zeljuga]

10 Years max for modern condensing boiler, Providing anual serrvice done regularily.Hipotetical saving according to green deal:10 x 240 ~ £2400: and ready for new "green deal" boiler with or without scheme. More like sales pitch on behalf of big banks.
Only way I can se it work it`s if significant proportion of uneployed are angaged in installations for free without any pay.

 

[mdovey]

The biggest Question is how does a new 2K boiler save £20 (1/3 of total energy bill) a month (the example used on the BBC) and how long will it take to pay off. Whats the average life of a boiler before they either fail or become inefficient. Its all to hypothetical.

Come 5-10 years will the Green Deal be the next endowment/PPI scandal with people seeking compensation?

 

[SolarCity]

We are GD installers and assessors, we are going the ECO route first maybe GD customers will come to us themselves

Are you are GD assessor yourself personally? How much did they training cost you?