On Monday 28 January 2013 The Green Deal Officially launched. This new Government scheme provides landlords and homeowners with the opportunity to make environmental changes to their properties, and pay for such changes through the savings made in energy bills.
Currently there is £125 Million available in the Green Deal fund, with 45 schemes available. As an example, 8 million homes could benefit from solid wall insulation. A saving of £270 per year could be made for a three bedroom semi detached house under this particular scheme.
For Landlords they now have the option to improve their properties, for the comfort of their tenants, without the massive bill that is paid directly from their back pocket. It should be noted, however, that Landlords will need to obtain consent from their tenants in order to attach the Green Deal charge to their electricity bill. Just as a tenant will not be able to attach a Green Deal scheme to the property, without the consent of their Landlord. Landlords may wish to take advantage of the Green Deal scheme during vacant periods.
The Green Deal has nearly been live for one month: How many property owners have taken advantage of the Government initiative? If the concept of the Green Deal sounds overwhelming, especially if you have a vast portfolio of properties, the skills of a property management team may be helpful to you, especially those with experience in environmentally friendly developments.