Last week I could have gone to my bank and arranged to borrow a modest sum in order to put double glazing in my living room. (Which is the coldest part of the house.)
However I held off, knowing that the Green Deal was starting up, in the hope that it would offer me a better proposition. Interest rates for borrowing are very high at the moment.
Now in the ministerial letter and accompanying information released by DECC today, I learn that if I want to take advantage of the green deal, I will have to sign up to a 30 year loan, at market rates. I will be sharply penalised if I pay this loan back early. In order to get the loan I will have to submit to various inspections, all of which I will have to pay for within the cost of the works. I will have to accept the views of petty officials as to what products I use and which installers to go with.
Can anybody tell me how this might be more efficient or cost effective, than just organising it myself? If they can, I should very much like to hear from them.
The critical factor is that no home owner is going to submit to a government scheme unless its cheaper or more flexible. What madness has infected DECC his time?
Oh and by the way, the scheme doesn't start yet, so if by some fluke of human madness it does prove popular the Government itself admits that insulation companies will experience a dangerous drop in orders, while we wait for the legislation to wend it's way through parliament.
I haven't read the small print yet, but if I've even half understood it, these much awaited policies might end up being like our drought measures. Too little and far too late.
The unusual climate we are experiencing right now is due to global warming. It's due to our co2 emissions, which must urgently be reduced. How on earth can we achieve our targets with policies like these? How on earth are we going to be able to save our earth?