Green Deal

[smhstu]

Is anyone using the green deal to fit boilers ( Not ECO )?

 

[gassafe]

Not heard anything much about green deal lately, no one really knows what's going on customers or installer!!

i happily stay away from all of it...

 

[julesverne]

What can you do/offer in he way of boilers on the green deal these. I have no idea what is going on with it

 

[smhstu]

I've been looking into it a bit latley, and there are a few installers cleaning up. There getting paid upto 3.5k for a boiler install. Was wondering if anyone on here doing it

 

[julesverne]

Are these boilers that custards are paying or are they getting grants of some sort.

 

[smhstu]

The saving on the gas bill pays for boiler

 

[Nostrum]

I would be interested to know how they get 3500k for a boiler job.

This is my experience of Green Deal finance to date;

A lead for boiler replacement comes to me via provider
I survey and send quote to GDP - say for example £2500
GDP adds on their slice - say £500
GDP offers customer a new boiler @ £3000 over 12 years at 8-9% or whatever (all hush hush from my end)
Customer looks at total payable @ £5000 or whatever
Customer walks away or if lucky asks me to do it outside Green Deal for £2500

So lots of time for little benefit.

That said, if you can find me a way to make any money, I'm prepared to try!

 

[smhstu]

But that's the wrong way of explaining it to customers, they are not physically paying , there's no payment like a bank loan.
if there paying say £75 gas and £75 elec a month, and the boiler saves say £30 a month on gas then there bills would be £45 gas and £105 elec both total the same amount. As gas prices increase the payment of the savings stays the same.
nostrum, I do see your point, but I know there are installers out there doing it, who you use for funding?

 

[Nostrum]

It's all estimated though and usually the savings over estimated. If the boiler only saves them £10 a month the finance doesn't adjust to suit, and that's the problem. I'm not going to get myself involved in any potential for miss-selling which I can see happening in some cases.

I could sell any finace package in the same way, ie subtract projected savings from payment, the only difference with Green Deal is that it is attached to the property, not the individual.

The complexity ( most people you speak to even in the industry don't know the difference between a GD loan, GDHIF and ECO) and money the GDP loads on the plan is what kills the scheme for most, the idea is actually quite good. That's why the GDHIF and green deal works but makes the scheme uneconomic, the voucher pays off the excess the GDP adds on. The installer, as usual, gets no real benefit.
If the volume was there it wouldn't be so bad, but the uptake figures are disappointing because most can go to help link or similar and get a better deal, albeit as a personal loan.

I'll PM you the GDP's I'm involved with now. I wish I could see a way to work with it, as said if you can help the great. I've invested in it but as of yet can't see a benefit in keeping it up other than the odd ECO job we get out of it.

 

[hammers4spanner]

Its a load of carp still the best way for private household to have a new boiler is either home improvement or interest free card .
Besides anyone who can't afford a new boiler then I'm not interested in installing it.