Home Energy Pay As You Save Scheme

Home Energy Pay As You Save Scheme

As talks aimed at securing a global climate deal kick off in Copenhagen,
Energy and Climate Change Secretary Ed Miliband has announced steps to encourage
people to cut household emissions.  The Government’s also had its second reading in the Commons

Pay As You Save scheme

Homeowners in Birmingham, Sunderland, Sutton and Stroud will test out new
ways to finance house energy makeovers under the Government’s new
Pay As You Save, or PAYS, scheme.

The Home Energy Pay As You Save pilots will give households the opportunity
to invest in energy efficiency and micro-generation technologies with no upfront

After properties receive energy makeovers, owners will notice their
energy bills decrease immediately.  They will then be expected to repay the cost
of the energy makeovers in line with the savings they see on their
energy bills.

Around 500 homes across England will take part in the trial as a stepping
stone towards the Great British Refurb – the Government’s plan to make
22 million homes in the UK more energy efficient.

Energy and Climate Change Secretary Ed Miliband said:

“The next two weeks in Copenhagen are crunch time for the planet.  The UK has
taken a lead in putting solutions on the table throughout the process and I’ll
not rest until we have the most ambitious, effective and fair deal possible. 

“Our credibility abroad is based on our ambition at home.  We’re the first
country to put carbon targets into law and our target of an 80% reduction by
2050 is one of the most ambitious.

“Many British householders want to reduce their emissions, but are put off by
the upfront cost of installing insulation, solar panels or ground source heat
pumps.  Pay As You Save will trial different ways of paying for this
work so it’s affordable.

“One quarter of the UK’s total emissions come from homes, so householders
have to be a part of the solution to climate change.  Increasing the energy
efficiency of homes not only helps reduce emissions, but will also help reduce
fuel bills.”

The pilot is being managed by the  and will run with 5 partners: Gentoo Group Ltd (a Registered
Social Landlord); British Gas; Birmingham City Council;
B&Q UK; and Stroud District Council.

Energy Bill

The  also received its Second Reading in the
Commons yesterday.  The Bill has been designed with two objectives in mind: (1)
protect vulnerable households; (2) develop carbon capture and storage
technology.  Read  for more