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The Green Deal Plan
The Green Deal Plan is a revolutionary government plan help make thousands of homes in the UK more energy efficient. The Green Deal Plan is the first of its kind, and is the most ambitious energy saving plan that has ever been put forward. In the UK household properties are responsible for 27% of all the carbon emissions, the governments plan is to reduce this by around 80% by the year 2050. The thing is that they think that 3/4 of all the homes that will exist then have already been built, so that we need to make these homes that are already built more efficient and friendlier to our environment.
How does The Green Deal Plan work?
The Green Deal Plan is quite simple, people who own properties take out loans on home improvements such as solar panels that make their homes more energy efficient. They will then pay these loans back over a 25 year period through small additional charges to their energy bills. The thing that makes this work and attractive to home owners is that the saving they makes on their bills through the improvements will overcome the additional extra costs that occur on the energy bills. These loans will stay with the property, so when people move the charge on the bill stays with the property. The Green Deal Plan will benefit consumers who will get energy efficient homes, the companies doing the work and the extra workers that will be employed to do the work..
Solar PV or Solar Photovoltaic are a renewable energy source that capture sunlight and convert it into electricity that can be used to power your home or business, this will be available via The Green Deal Plan. Also available via The Green Deal Plan is Solar Hot Water, this works in a way where solar rays heat hot water from your home. This does not completely eradicate the need for a boiler, but it does lower the amount of energy needed by using the heat from the sun.
Feed-In Tariffs are based on the electricity that is generated from renewable energy systems such as a Solar Panels system.
The Feed-in Tariff is based on the property and can earn homeowners an extra tax free income in three different ways.
The first way is through the Generation Tariff, the second is through the Export Tariff and the third way is directly through the electricity supplier you use.