The Green Deal
The Green Deal Stephen Ryman DECC
What is the Green Deal? • Energy efficiency retrofit scheme, • The customer receives a package of energy efficiency measures at no up-front cost from accredited ‘Green Deal Provider’,
• Improvements paid for through savings on energy bills, aims to ensure customers repay no more than they save in energy costs, • New kind of loan – attaches to property, not occupant or landlord, • Market driven - delivered by industry,
These are some of the things you can have done to your property • Cavity wall insulation • Cylinder thermostats • Draught proofing • Solid wall insulation • Condensing boilers • Heat pumps • Heating controls • Lighting systems • Biomass boilers • Cylinder thermostats • Draught proofing • Duct insulation • Hot water showers/systems/taps
• Fan-assisted replacement storage heaters • Flue gas heat recovery devices • Heating, ventilation and airconditioning controls • Replacement and secondary glazing • Under-floor heating • High performance external doors • Hot water controls • Lighting systems, fittings and controls • Mechanical ventilation with heat recovery
• Pipe-work insulation • Microgeneration • Chillers • Condensing boilers • Replacement glazing • Roof insulation • Sealing improvements • Under-floor heating • Under-floor insulation • Variable speed drives for fans and pumps • and more...!
If it is on this list then you would get it in part or whole through GD
The Golden Rule Green Deal repayment – illustrative only
The Green Deal Process
Advice/Assessment
Finance
Installation
Repayments
•Remote advice Centre •On-site assessment of property, from an authorised Green Deal Assessor.
5
The Green Deal Process
Advice/Assessment
Finance
Installation
Repayments
• Quotes include subsidies • No upfront cost - financed by GD Provider • Repayments attached to electricity meter 6
The Green Deal Process
Advice/Assessment
Finance
Installation
Repayments
• Accredited installation
• Green Deal Code • Quality mark 7
Green Deal: Repayment
Advice/Assessment
Finance
Installation
Repayments
• Once measures are installed, the repayment comes out of the electricity bill, •Repayment up to 25 years,
8
The Energy Company Obligation • There will be properties for which Green Deal finance is not suited
• ECO to integrate with the Green Deal, with a focus on: o hard to treat properties; and o vulnerable and poor households
How might RSLs get involved • Become Green Deal Provider, • Partner with GD Provider to improve own stock, • Endorse GD - trusted voice to promote, endorse and explain the Green Deal to intermediaries and end customers.
Green Deal - What is in it for RSLs? • Opportunity for housing providers to deliver costeffective retrofit packages and build on current energy efficiency plans, • No up-front investment required, • Overcomes ‘split incentive’ • Warmer, happier tenant • More attractive rental property • Consent
Communications plans will help drive demand
Government is helping to: • Create momentum for change • •
•
Support the market as it develops • •
•
Getting industry, local government, 3rd sector and communities on board to develop plans for playing a role in Green Deal. Putting Green Deal in the news e.g. through ministerial events and other media activity.
Producing guides, information and fact sheets usable by all. Working directly with key intermediaries such as local authorities, consumer groups and solicitors to build trust in Green Deal and influence uptake.
Build further trust and confidence • •
Raising awareness and understanding of Green Deal Quality Mark. The provision of independent impartial advice on line and through the helpline.
Next Steps • Green Deal and ECO legal framework in place (subject to Parliamentary approval)
October 2012
• Green Deal approved and accredited assessors and installers will be able to begin operating. • ECO in place, providing support for energy efficiency and heating measures worth an estimated £1.3bn a year
January 2013
• Green Deal Providers will be able to offer Green Deal Plans to customers • We expect the number of offers to build from there as more providers enter the market.
How to find out more… www.decc.gov.uk
Thank You Questions?
FutureFit Large Scale Retrofit and the Green Deal Jeremy Kape
Basic Principles •
Practical focus
•
Not target driven
•
What can we get for the money?
•
102 homes - £1.2m
•
The role of people
What we did
Works: 22 archetypes, 3 packages, 97 homes occupied
People: existing resources, no incentives/target groups, wider audience Finance: actual costs, massing up, sensitivities
What we found • Works: higher costs, straightforward measures?, RPs ahead • People: resident apathy, familiar faces, knowledge gap, costs £ • Finance: Green Deal works, significant funding and carbon gap
The funding and carbon gap Percentage of Carbon Saved Low Package 24%
18%
20%
18%
Low Package – golden rule applied 24%
10%
20%
26%
0%
80% = Estimated savings in Affinity Sutton stock since 1990 = Low package = Greening of Grid = BLACK HOLE
What you will need to consider
• • • • • • •
In and out you need a strategy Stock performance What will the Green Deal actually deliver Leaseholders / Blocks Entry / Set up costs Where the money is coming from Opportunity cost
What you will need to consider
• • • • • • • •
Consumer Credit Engagement and marketing Asset Management Programme Vulnerable residents Impact assessment Procurement and supply chain Fuel Poverty??? ECO Brokerage
Spot the difference
Phase one report Download our EST and Camco installation report here Download the phase one report here
What is the Green Deal? • Energy efficiency retrofit scheme, • The customer receives a package of energy efficiency measures at no up-front cost from accredited ‘Green Deal Provider’,
• Improvements paid for through savings on energy bills, aims to ensure customers repay no more than they save in energy costs, • New kind of loan – attaches to property, not occupant or landlord, • Market driven - delivered by industry,
These are some of the things you can have done to your property • Cavity wall insulation • Cylinder thermostats • Draught proofing • Solid wall insulation • Condensing boilers • Heat pumps • Heating controls • Lighting systems • Biomass boilers • Cylinder thermostats • Draught proofing • Duct insulation • Hot water showers/systems/taps
• Fan-assisted replacement storage heaters • Flue gas heat recovery devices • Heating, ventilation and airconditioning controls • Replacement and secondary glazing • Under-floor heating • High performance external doors • Hot water controls • Lighting systems, fittings and controls • Mechanical ventilation with heat recovery
• Pipe-work insulation • Microgeneration • Chillers • Condensing boilers • Replacement glazing • Roof insulation • Sealing improvements • Under-floor heating • Under-floor insulation • Variable speed drives for fans and pumps • and more...!
If it is on this list then you would get it in part or whole through GD
The Golden Rule Green Deal repayment – illustrative only
The Green Deal Process
Advice/Assessment
Finance
Installation
Repayments
•Remote advice Centre •On-site assessment of property, from an authorised Green Deal Assessor.
5
The Green Deal Process
Advice/Assessment
Finance
Installation
Repayments
• Quotes include subsidies • No upfront cost - financed by GD Provider • Repayments attached to electricity meter 6
The Green Deal Process
Advice/Assessment
Finance
Installation
Repayments
• Accredited installation
• Green Deal Code • Quality mark 7
Green Deal: Repayment
Advice/Assessment
Finance
Installation
Repayments
• Once measures are installed, the repayment comes out of the electricity bill, •Repayment up to 25 years,
8
The Energy Company Obligation • There will be properties for which Green Deal finance is not suited
• ECO to integrate with the Green Deal, with a focus on: o hard to treat properties; and o vulnerable and poor households
How might RSLs get involved • Become Green Deal Provider, • Partner with GD Provider to improve own stock, • Endorse GD - trusted voice to promote, endorse and explain the Green Deal to intermediaries and end customers.
Green Deal - What is in it for RSLs? • Opportunity for housing providers to deliver costeffective retrofit packages and build on current energy efficiency plans, • No up-front investment required, • Overcomes ‘split incentive’ • Warmer, happier tenant • More attractive rental property • Consent
Communications plans will help drive demand
Government is helping to: • Create momentum for change • •
•
Support the market as it develops • •
•
Getting industry, local government, 3rd sector and communities on board to develop plans for playing a role in Green Deal. Putting Green Deal in the news e.g. through ministerial events and other media activity.
Producing guides, information and fact sheets usable by all. Working directly with key intermediaries such as local authorities, consumer groups and solicitors to build trust in Green Deal and influence uptake.
Build further trust and confidence • •
Raising awareness and understanding of Green Deal Quality Mark. The provision of independent impartial advice on line and through the helpline.
Next Steps • Green Deal and ECO legal framework in place (subject to Parliamentary approval)
October 2012
• Green Deal approved and accredited assessors and installers will be able to begin operating. • ECO in place, providing support for energy efficiency and heating measures worth an estimated £1.3bn a year
January 2013
• Green Deal Providers will be able to offer Green Deal Plans to customers • We expect the number of offers to build from there as more providers enter the market.
How to find out more… www.decc.gov.uk
Thank You Questions?
FutureFit Large Scale Retrofit and the Green Deal Jeremy Kape
Basic Principles •
Practical focus
•
Not target driven
•
What can we get for the money?
•
102 homes - £1.2m
•
The role of people
What we did
Works: 22 archetypes, 3 packages, 97 homes occupied
People: existing resources, no incentives/target groups, wider audience Finance: actual costs, massing up, sensitivities
What we found • Works: higher costs, straightforward measures?, RPs ahead • People: resident apathy, familiar faces, knowledge gap, costs £ • Finance: Green Deal works, significant funding and carbon gap
The funding and carbon gap Percentage of Carbon Saved Low Package 24%
18%
20%
18%
Low Package – golden rule applied 24%
10%
20%
26%
0%
80% = Estimated savings in Affinity Sutton stock since 1990 = Low package = Greening of Grid = BLACK HOLE
What you will need to consider
• • • • • • •
In and out you need a strategy Stock performance What will the Green Deal actually deliver Leaseholders / Blocks Entry / Set up costs Where the money is coming from Opportunity cost
What you will need to consider
• • • • • • • •
Consumer Credit Engagement and marketing Asset Management Programme Vulnerable residents Impact assessment Procurement and supply chain Fuel Poverty??? ECO Brokerage
Spot the difference
Phase one report Download our EST and Camco installation report here Download the phase one report here
