green deal finance interest rates

[SRE]

I am sick and tired of seeing pv included in the list of things you can have done under Green Deal. It's a vague possibility for reasons that have been flogged to death on the forum and yet someone who should know better tells everyone in our local paper that they can get pv on GD. Ask them about it and they say ahh well in some circumstances, maybe, possibly, if you've a bit of cash to add ...... and this is from a "credible" local source dealing with fuel poverty on behalf of several local authorities. How will customers know who to believe!

But then Barking telling everyone that they could have their front door done didn't help anyone.

Rant over. :veryangry2:

 

[sparkless]

the Green Deal is a waste of time

who in this country, owns their own property and is environmentally conscious, but cannot just pop to the local bank and have a loan secured on their property.

Our Best Personal Loans Online & Personal Loan Rates | Nationwide
heres one from Nationwide for 5.9% unsecured.

why would you sign up to the Green Deal and the higher rates? I cant think of one reason.


I JUST DON'T GET IT

:75:

 

[Gavin A]

ok, here's a slightly unsober question.

what would happen to the GD equation for solar PV if / when electricity prices rose by 20-25% in 6 - 9 months time?

This is repeatedly the sort of prediction for this year that's coming out of the staff from the main electricity producers when asked unofficially.

I get the distinct impression that DECC are going to get a very nasty surprise this year as the realities of energy supply enforce themselves on their policies.

 

[sedgy34]

Even though most don't agree with the green deal and the interest charges, you have to remember that the householder will decide if that's for them. you would be only the Installer thats if if you have got the accreditation to install green deal measures.

 

[Orffyreus]

@Gavin A...As energy prices rise, solar PV will become viable under the GD's Golden Rule, if you take FITs into account it is already viable as long as the system installed is inexpensive (around £8000)

The Government predicted that by 2020 domestic energy prices will double, this will be due to rising fuel costs, energy policy and obligations placed upon the suppliers.

Installation of smart meters is expected to cost £11 billion, the National Grid requires a complete overall because of a lack of investment since privatisation. The figure being banded about here is £125 billion. Nineteen nuclear power stations are/ or were planned, each at a cost of at least £2.2 billion, the energy companies expect the Government to pay for these.

Given the total cost of investment required, over £170 billion, plus the rising fuel costs it is not hard to see why energy prices will rise.

It is estimated that the real cost of supplying energy is over £4000 per household and is heavily reliant on subsidies, the average we pay is currently around £1365.

For individuals I suppose the choice is whether to spend their money on energy or pay interest on a loan, if they choose to spend it on energy and do not reduce consumption, it is predicted that we will have blackouts because the system, as it is, will not be able to cope.

Education is the key and if this had been taught in our schools there would be no need for the Government to be spending £200 million plus in order to promote lending.

As for installers, its up to you to decide whether under the GD there will be a significant return on the cost of accreditation.

Our energy consumption needs to be addressed.

 

[Eco Deal]

I just thought I would point out the life time of solar PV is 23 years form an EPC and green deal WHY dont ask me.

so the longest you could take a green deal plan out for pv would be 23 years.

 

[TedM]

Green Deal docs I've read say PV has a 25 year lifetime.

 

[Ian-LS]

I'm assuming the 25 years relates to the performance warranty that all manufacturers have?

 

[SRE]

https://www.gov.uk/government/uploa...de-to-the-green-deal-for-residential-land.pdf found this - I wonder how many landlords will realise they are liable for payments if the property is void? Also interesting to see that from 2016 it's going to be difficult for a landlord to refuse to have Green Deal done on their property. This could cause all sorts of problems if the landlord has a medium term plan to sell in 3 - 5 years.

Interesting times to come.

 

[Berneray]

The panels will have a 25 year warrante/guarantee.......but not the inverter. So how does that work.