1. Green deal plan
The green deal plan is a contract between the green deal provider and bill
payer or improver (if different) of the property. In a contract, the
improvements of energy-efficiency that are to be installed in the home and
finance need to pay for those improvements are mentioned. It can be
proposed only by authorized green deal provider.
The amount you are saving on the yearly basis through implementation of
energy efficient measures and additional cost like interest amount on green
deal finance is mentioned in the green deal plan. It is the mechanism through
which customer need not to pay finance amount through their pocket; it is
directly deducted from the savings made on energy efficient home
improvements.
The green deal plan requires some documents for approval of green deal
finance. It involves credit agreement, insulation agreement and guarantees. If
the improver is not a landlord but a tenant then, an additional form need to be
signed by tenant that is called BPEC (bill payer explanation and confirmation).
All the documents and necessary forms need to be signed by customer and
need to be maintained it as a record for future reference. In the green deal
plan, daily cost, monthly cost, setup cost are explained properly for the home-
improvement to be installed.