Is there an industry left to support new Green Deal Finance?
Yes, but only just.
The chart shows that for over 2 years there were people and companies investing time and money to become involved in Green Deal, but Green Deal was just an all encompassing title for our domestic renewables sector.
The hope was for easy access to Green Deal Finance, ECO and other grants such as FIT, RHI and GDHIF to allow a homeowner to undertake a whole house approach to retrofit and renewables.
A homeowner should be able to get independent advise on the energy efficiency measures and renewables that are suitable for their home and the way they live in it, including the potential savings and the costs. Easy access to comparable quotations and then easy access to grants, subsidies and finance before installation by accredited and quality assured installers.
Al these companies set up to deliver this but it never happened. I don’t believe any householder got what Green Deal promised and that saddens me.
So what went wrong?
That’s a big government policy question that is regularly discussed, usually in the bar after a glitzy awards ceremony, I’ll highlight a few points below.
- Green Deal Finance arrived too late and was too difficult to access.
- Government failed to support ECO, not only did they bow to pressure from the Energy Companies to reduce the obligation but they failed to ensure it was easily accessible by individual householders.
- Support for subsidies reduced and removed.
Since August 2014 we have seen a steady decline in the companies involved in the industry. My original question was “Is there an industry left to support new Green Deal Finance” but perhaps it should have been “Is new Green Deal Finance the saviour of the renewables industry?”.
Hopefully would be my answer.