This thread titled "Green deal info" is posted in the under the Solar PV Forum | Solar Panels Forum on Electricians Forums.

I completed the green deal advisor course today , I passed the exam just a portfolio to complete now ,
so i was the first person in uk to pass the exam whoop whoop 86% ...... learnt the golden rule calcultion with does included intrest rate at 7% .

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the loan is on the MPAN number which is repaid via electric bill only
 
pickng up on the rates point Gavin made, I went to a Green Deal Seminar and asked a question about borrowing rates, not surprisingly he was vague, when pushed if it would be more or less than mortgage rates he conceeded that it would be higher. After that everyone including himself knew he was flogging a dead duck.

Councils will probably pay from one of the big boys to upgrade their properties, most sensible homeowners will run a mile, and some landlords will try and pass it off on their tenants, most won't i believe as they risk being uncompetitive and risk the flexibility to re-sell the asset.

Not many people i speak to think it will work, and i believe this is the real reason it keeps getting delayed. i could be very wrong and end up like the 5th beatle, but I won't be rushing to get involved..
 
I completed the green deal advisor course today , I passed the exam just a portfolio to complete now ,
so i was the first person in uk to pass the exam whoop whoop 86% ...... learnt the golden rule calcultion with does included intrest rate at 7% .

- - - Updated - - -

the loan is on the MPAN number which is repaid via electric bill only
good luck with it, there's a good chance it'll end up being a worthwhile investment, and I'll be kicking myself for my cynicism.
 
I completed the green deal advisor course today , I passed the exam just a portfolio to complete now ,
so i was the first person in uk to pass the exam whoop whoop 86% ...... learnt the golden rule calcultion with does included intrest rate at 7% .

- - - Updated - - -

the loan is on the MPAN number which is repaid via electric bill only


I remember you mentioned it was in midlands, can you pm me the details for me to consider it
cheers
 
I'm not just talking about for PV though, I'm talking about the entire green deal scheme.

Or of relevance to this forum, what I'm getting at is that it's all hype and hot air, and there's very little background justification for it at all, so I'd think that treading carefully and not spending a fortune getting trained up for it would be a sensible policy. Obviously I could be very wrong on this and it'll be the biggest thing since sliced bread, but I just don't see it.

having said that, we have had one customer decide they're going to wait until the green deal comes out. So the hype and hot air might actually be working.

You have a customer who has heard of the Green Deal!!!!!
 
I beg to differ the green deal loan is on the property if you have a loan for the same thing and your circumstances change and you need to move house the loan goes with you. Unless everyone in this situation puts it in the sale of there property


Im on the understanding that you do receive the fit payments on the green deal
otherwise what's the point in it all

Definitiely no Fit with Green Deal it's one or the other, DECC confirmed it on an online Q & A just before Christmas.
 
I have just been reading up on PV/Green Deal, and it appears that you can not claim FIT under GD, however there is this Golden rule, where the savings have to cover the loan, not to sure how this can really be calculated, but for PV , a 4kwp system needs to be less than £5000, so it looks like PV will not satisfy the requirements .

Also a GD advisor is supposed to offer the customer the best solution first, so if PV is not top of the list what is the point of any of us getting involved with it?
 
August 1st prices will change again the solar suppliers will have to follow suit to stay in business
 
Even the insulation industry reckon that the Green Deal will fails in it's objectives, see the press realease from Knauf Insulation here NOW IT'S A RED LIGHT FOR GREEN DEAL - 14.06.12 and they also reckon that it is a race to the bottom on installation costs, with (although they don't say it in so many words) the ££ going to the finance houses.

“The outcome of the Impact Assessment sees the Green Deal in danger of becoming a niche offering, attractive only to a small subset of the UK population, while having a highly developed and costly support structure built around it...."


See also this http://www.knaufinsulation.co.uk/pd...y mechanism - a Knauf Insulation proposal.pdf

"The key to a successful Green Deal is driving multiple measures in the largest numbers of properties possible (installer capacity allowing) at lowest cost to the homeowner."

"...energy suppliers will seek to deliver the measures at least cost – with the market driving each delivery route to a similar price."
 
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Why would you borrow money using the Green Deal scheme at 7% over 25 years, when this basically is tied to your home, maybe making things difficult should you try to sell, also with PV you lose the benefit of the FIT payments, when the alternative could be to stick it on your mortgage at say 3.5%-4% and not have the problems associated with a separate 7% loan linked to your property, and have the FIT payments that you could use to service the extra payments.

As previously posted in another thread, PV may not qualify anyway, but even if it did, the sums just do not add up.
After the many mistakes made by the Government, you would think they would start to get something right.
 
God I hope it doesn't last that long - there's going to be a lot of unemployed installers very unhappy about it!

I'm prepared not to heckly Barking if he just admits it's a pile of you know what now and scraps it before it starts. I might even be persuaded to tell everyone the government is listening instead of carrying out a U-turn!
 

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