The Green Deal helps you or your tenants make energy-saving home improvements, like insulation, to make your rental property more energy efficient and comfortable.
From 2018 your property must meet an Energy Performance Rating of grade of 'E' or above if it is to be rented out. The Green Deal allows work to be carried out on a home to improve the energy efficiency of the property and allows for the costs incurred to be paid over a period of time through the electricity bill. Improvements made under a Green Deal Plan are based on the recommendations made by a certified Green Deal Assessor. The bill payer will not be charged more than what a typical household is expected to save in energy costs. Of course, the actual savings will depend on how much energy is used at the property and the future prices of energy.
What kind of improvements can be made?
- Renewable energy
- Loft insulation
- External and internal solid insulation
- Cavity wall insulation
- Draught proofing
5 things landlords need to know about the Green Deal
- The current electricity bill payer will always make the Green Deal repayments. If the property is left vacant you as the landlord will need to make the repayments until a new tenant moves in and starts to pay the electricity bill themselves.
- Your tenant must ask your for your permission before taking out a Green Deal on your property.
- You also need your tenants’ permission before you take out a green deal. Where the tenant is the electricity bill payer, they will the ones who will need to make the green deal repayments, so you will need to express their permission before taking a Green Deal.
- All improvements made under the Green Deal are quality assured and completed by green deal installers.
- Any new tenant must be shown a copy of the energy performance certificate and made aware of the repayments they may need to make under the Green Deal.
You can download the governments ‘Green Deal for residential landlord handbook’ by following this link https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/65555/6636-quick-guide-to-the-green-deal-for-residential-land.pdf