NEW GREEN DEAL A WINTER WARMER FOR LANDLORDS
(Published 3 November 2010)
The National Landlords’ Association (NLA) has welcomed the Government’s "Green Deal", as details were published that outlined how properties can benefit from improved insulation without outlaying money upfront.
Green Deal finance will be available from accredited providers, which will be repaid through the savings on energy bills. Homes and businesses will then receive their energy efficiency package, with all measures installed by appropriately qualified installers.
Legislation to establish the scheme will be introduced into Parliament next month and according to Energy and Climate Change Secretary, Chris Huhne, "thousands of new insulation workers will soon be hitting Britain’s streets as part of a national effort to make people’s homes warmer and cheaper to run".
Landlords will not face any upfront costs when improving their properties and new legislation will create powers allowing any tenant that asks for reasonable energy-efficiency improvements, to receive them from 2015 onwards.
Local authorities will also be empowered to insist that landlords improve the worst performing homes following an independent energy survey.
Commenting on the scheme, NLA chairman, David Salisbury said: "The Green Deal proposals represent a new opportunity for landlords to improve the energy efficiency of their properties, reduce their tenants’ utility bills and play their part in tackling climate change."
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