PwC: Comments on expectations and role of Green Deal scheme

By Rob Starr, Content Manager, Big4.com

Paul Davies, partner, PwC comments on the expectations for take up of the Green Deal Energy Efficiency scheme by saying that  it is easy to get distracted by the headlines and have big expectations . Ne notes the  reality is this has the potential to be a truly transformational programme, kick starting a much needed upgrade of Britain’s housing stock, and help the economy on the way. It could also make one of the most significant contributions to our 2020 carbon reduction commitments Davies feels.

“Rising energy prices means fuel bills are only going in one direction. Keeping our energy bills affordable means we need to tackle energy efficiency on a large scale, for the long term,” he says.  “The Green Deal allows households to install these measures with no up-front cost. The Green Deal Finance Company’s lending policy has also made this affordable, and accessible to over 80% of the population. ”

Finally he notes that with  Green Deal repayments “linked to your home, not you personally, we could find that as adoption builds, people’s expectations of lower carbon, higher energy efficiency being built into the bricks and mortar of a home will be changed, whether your home is big or small, and built last year, or last century.”