Understanding the green deal for commercial property owners

epc imageThe green deal is an initiative that has been set up the coalition government to aid both domestic and commercial buildings cut down on their carbon emissions via a wide range of improvements to the property.  Commercial buildings can benefit from the green deal in the UK, the steps that need to be followed are fairly simple as I will outline below:

Get an assessment

You need to find an accredited commercial energy assessor and have carry out an audit of your building; he will then supply you with a commercial EPC (energy performance certificate) with an attached sheet of recommendations.

Alternatively have a search here https://www.ndepcregister.com/searchAssessor.html .

How to qualify for the green deal

You need to meet the “golden rule” which simply states “that the energy savings a property realises in a 25 year period must be equal to or more than the cost of implementing the changes in the first place”  It is fine to meet this criteria in less time but it cannot be longer than the 25 year period.

When and how the work is carried out

First you need to find a green deal provider to carry out the work, once you have agreed on the work to be carried out you need to sign the green deal plan which is a contract between you and the green deal provider.  The provider will then arrange for the work to be carried out by a green deal installer.

How you pay for the work carried out

There will be no up front costs for a business to get the work carried out you pay for it via instalments on your electricity bill.

So what can work will be covered?

The DECC have drawn up a list of products that are available to view this please click here and go to page 11 and 12.  The whole document is interesting however and well worth a look.

Why should I care

The easy answer to this is that in 2018 no building will be rentable if it has an EPC lower than ‘E’ you will also be able to command a higher rate if you have a very energy efficient building as the bills will be much lower.

Please leave any comments or feedback below.

Comments

  1. interesting. The whole green deal stuff tends to creep up on us and then bite us! I have no doubt this one will do too!

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