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Government Loans key to Energy Saving

The Government must underwrite loans for domestic energy efficiency measures in existing homes to keep interest levels low enough to generate a net saving for households, according to a major industry study.

 

That was the conclusion of a report from the UK Green Building Council, whose members include Eon UK and the Energy Saving Trust.

 

The study looked at the issues surrounding the government’s ‘whole house’ approach to energy efficiency set out in its Heat and Energy Saving Strategy and it’s UK Low Carbon Transition Plan.

 

The ‘pay as you save’ idea for existing houses is backed by the other main political parties and would involve a subsidy based on the carbon dioxide savings achieved and paid via a direct government grant, the existing supplier obligation (Carbon Emission Reduction Target) or some other scheme.