Optimise Accountants -

Reducing your utility bills through the Green Deal

April 15, 2013

Posted by Simon Misiewicz on 15th April 2013

Do you own your own home or property portfolios?Would you like to reduce your running costs of your properties?You can make energy-saving improvements to your home or business without having to pay all the costs up front through the Green Deal.

Energy-saving improvements include:

  • Insulation – eg loft or cavity wall insulation
  • Heating
  • Draught-proofing
  • Double glazing
  • Renewable energy technologies – eg solar panels or wind turbines

The Green Deal is the Government’s vehicle to make the UK’s housing stock more energy efficient. The NLA is warning that after 2016, landlords will be unable to refuse a tenant’s reasonable request for Green Deal improvements.

Furthermore, under the new legislation, landlords will be forbidden to let any properties found to have a poor Energy Performance Rating (F or G rated) after 2018.Richard Lambert, CEO of the National Landlords Association, says:“The Government’s Green Deal initiative highlights how important it is that the UK’s housing stock is energy efficient.

Landlords only have a few years to comply with the scheme until their hands will be forced.

With the private-rented sector playing such a prominent role in the provision of housing, this is a key opportunity for them to prove they are able to self-regulate.“We encourage all landlords with properties in need of energy efficiency improvements to take advantage of the Green Deal – it’s a win-win situation for both landlords and tenants.”The Department for Energy and Climate Change (DECC) estimates that expenditure on Green Deal measures is likely to be worth up to £17 billion over the next 10 years.

What you need to do

  1. Get an assessment of your property to see what improvements you can make and how much you could save on your energy bills.

Please use the below URL to get assessed:

Green Deal

  1. Choose a Green Deal provider to carry out the work. You discuss with them what work you want done and whether the Green Deal is right for you.
  1. If you go ahead with the improvements you must sign your Green Deal Plan – this is a contract between you and the provider stating what work will be done and how much it will cost.

    The provider will then arrange for a Green Deal installer to do the work.

  1. Once the work is done, you’ll pay off the money in instalments through your electricity bill.

If you are looking for an accountant or thinking of changing your current accountant because they do not understand property investing and tax implications then please Click Here To Book an “Initial Free Consultation”.

Download our FREE Property Investors Guide, Call Us on 0115 946 1991, To Email Click Here, Follow Us on Facebook or Tweet Simon Here

Please ensure that you check out our latest webinars and courses Property Accounting & Investment Webinars



Get your FREE ebook "Property Investors Guide"
Enter your information to recieve the eBook

First Name:*
Last Name:*
Lead Source:*
Email:*
Phone:*

Telephone: 0115 939 4606
Email: simon@optimiseaccountants.co.uk