Further loans may be offered to go green

07/08/2009 12:57

Many homeowners may be keen to lead greener lives by investing in the technology or renovations needed to make their properties more energy efficient, while also achieving cheaper gas and electricity bills.

However, some may feel put off by the initial costs involved in carrying out such work, particularly as the recession rumbles on.

But help may now be at hand in the form of a new loan proposed by the UK Green Building Council.

The proposals include offering a £10,000 loan to people wishing to improve the environmental credentials of their property.

However, the loan would be attached to the house rather than its residents and would be paid back through council tax payments.

It is hoped that the proposal, in conjunction with the government's recently announced pay-as-you-save scheme - which will see loans for green home improvements paid back with the money saved on gas and electricity bills - will help the country to meet its carbon reduction targets.

The Energy Saving Trust makes a number of recommendations to Britons wishing to lead greener lives, including fixing dripping taps, turning off lights when not in use and turning down the heating by one degree Celsius.
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