The National Landlords Association (NLA) in the UK recently launched its Green Deal solution aimed at enabling landlords with property in Britain to be able to make energy efficiency improvements with relative ease.
The UK government recently launched its Green Deal which offers homeowners and landlords a cost-neutral solution to making properties more energy efficient. Improvements such as loft insulation, cavity wall insulation, double glazing and boiler replacement can be made, and any upfront cost to the landlord is refundable. The NLA has partnered with United Legal Services Limited (ULS) and providers MITIE with the aim of making Green Deal energy improvements as easy and straightforward as possible. The NLA Green Deal provides landlords with a hassle-free all-in-one solution including assessing the eligibility of properties, finding a provider and installing the improvements.
Works are paid for through a loan attached to the property's electricity bill. The idea is that the electricity bill will never be more expensive than what it would have been had the improvements not been carried out. The energy savings made through the upgrades should be equal to or more than the cost of the Green Deal grant.
Richard Lambert, chief executive officer of the NLA said:
"Partnering with MITIE and ULS enables us to offer all private landlords an end to end, cost effective solution with energy company subsidy and/or Green Deal finance. MITIE’s relationship with the different ECO and Green Deal providers as well as its national delivery capability will ensure the best end to end solution for both landlords and tenants, and ULS will be able to supply the key support systems needed, as well as essential advice and guidance to assist landlords through this process."
"The government's Green Deal initiative highlights how important it is that the UK's housing stock is energy efficient. Landlords only have a few years to comply with the scheme until their hands will be forced. We encourage all landlords with properties in need of energy efficiency improvements to take advantage of the Green Deal-it's a win-win situation for both landlords and tenants."
Stephen Giacchino, Director for Strategy and Corporate Development at MITIE, adds:
"We are looking forward to working with the NLA to help landlords maximize the investment benefit that the Green Deal brings to their portfolio, while delivering energy savings and increased comfort to their tenants. Landlords will benefit from MIT IE’s experience in managing over 200,000 tenanted properties in the UK, our technical capabilities and national reach to install preparation is to help in the campaign to alleviate fuel poverty."
According to the UK Department for Energy and Climate Change, expenditure on Green Deal measures is likely to be worth up to £17 billion over the next 10 years.