Green Deal for Business starts with an initial energy assessment which identifies the technologies that will be the most beneficial a business owner can apply for funding to have the installation made.
The Green Deal for Business funding will be of a high value than is offered to home owners with no upper cap on what can be applied for through the Green Deal programme. The limit will be set between the business and the provider and means that businesses that are looking for large scale installations should use the Green Deal as a way to invest in Green Technologies as a longer term money saving solution.
The individual businesses that benefit from the Green Deal scheme will be responsible for the costs of all the improvements and these costs will be repaid via a levy on the energy bill related to the property that has benefited from these energy efficiency improvements.
There will be no up front costs for the business other than the cost of the initial energy assessment, however, this cost can be rolled into any works carried out by the provider.
The golden rule of the Green Deal states that:
"The expected financial savings for any measure installed must be equal to or greater than the costs attached to the energy bill"
There are already several existing schemes that some business might already be signed up for and the Green Deal will have to be worked into these obligations.
Businesses have similar energy saving measures available to them as domestic customers, however, due to the size of some business premises - the "Golden Rule" will need to be adapted to make best use of the programme. For example if solar panels are deemed not to be cost effective for a business due to the size of the building and high initial costs, fitting low energy lighting control systems will give a much faster return on investment and be a "better fit" for the Green Deals Golden Rule.
The following energy saving measures, among others may qualify for the Green Deal scheme:-