Friday 11 December 2009

Pay As You Save is a trial for homeowners to install energy efficient installations and renewables, regardless of financial ability!

UK Energy and Climate Change Secretary Ed Miliband announced steps in the UK aimed at helping householders make their contribution to cutting emissions. 

Pay As You Save is a trial for homeowners to install energy efficient installations and renewables, regardless of financial ability!
Homeowners in Birmingham, Sunderland, London Borough of Sutton and Stroud will be testing out new ways to finance whole house energy makeovers under the Government’s £4m Pay As You Save scheme.  Following an open competition, Birmingham City Council, Gentoo Sunderland, British Gas, B&Q UK and Stroud District Council have been chosen to deliver individual projects in the first ever UK trials.
The Home Energy Pay As You Save pilots will give households the opportunity to invest in energy efficiency and microgeneration technologies in their homes with no upfront cost.  Householders will make repayments spread over a long enough period so that repayments are lower than their predicted energy bill savings, meaning financial and carbon savings are made from day one.
A total of around 500 homes across England will take part in the trial which will provide evidence of how to foot the bill for the Great British Refurb – the Government’s plan to make the 22 million existing homes in the UK more energy efficient.
In my opinion this is one of the smartest ideas of the 21st Century and if successful has the potential to put a real deny in energy consumption and costs..in fact this alone is possibly enough to win my vote at the next election!

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