Customers will be able to pay back their Green Deal loans early

The Green Deal is a government loan scheme for energy saving home improvements which will be open for applications from the 28th January next year. For more information on the Green Deal, click here.

Recently the Consumer Credit Act (Green Deal) Regulations (2012) were laid in Parliament – they’ll come into effect when the scheme launches on the 28th January 2013. Among the things it covers is early repayment. Consumers will be allowed to pay back their Green Deal loan at any point, either partially or fully. There are also measures to limit the fee that customers can be charged by Providers for early repayment. The fee is calculated using a simple formula:

Green Deal Consumer Credit Act

If you can afford to pay upfront for your energy efficiency measures there’s no need to wait for the Green Deal – why not take our free assessment now and see how much your home could save?

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