Reports in today’s Sun say that the Government’s flagship energy-saving scheme is a “rip-off” as it emerged that home owners face eye-watering interest rates.
Under the Green Deal, homeowners can borrow up to £10,000 for improvements such as insulation and double glazing.
Loans will be repaid from energy bill savings over a period of up to 25 years — but interest rates are likely to exceed 6.9%.
Assessments will cost homeowners up to £150 .
A similar scheme in Germany had a 2.65% rate.
Green Deal is intended to improve the energy and environmental efficiency of home across Britain and has the potential to provide significant work opportunities for for insulation contractors. For more information visit here