Green DealRepayment Plan
The beauty of Green Deal is that you pay back the cost of the improvements you have had installed over time through your electricity bill by your electricity supplier passing on your payments to your Green Deal Provider.
Over time the cost of the Green Deal improvements will be repaid in this manner but as the charge is attached to the electricity meter in your house and paid back through your electricity bill, if you move out or vacate the property, the new occupant will pick up the outstanding debt.
Interest will be charged by your Green Deal Provider but the rate will be fixed and you will be shown a full schedule of all the payments before you sign up to the plan. Green Deal Providers choose their own interest rate, so it will be worth shopping around to find the best deal. You will also be able to pay off the plan early if you choose, though your Green Deal Provider may charge a fee for this.