interestrateripoff Posted October 4, 2013 Share Posted October 4, 2013 http://www.independent.co.uk/news/business/news/carillion-counts-the-cost-of-government-green-deal-flop-8857585.html The Government's struggling Green Deal scheme has led to one of the companies aiming to benefit from the extra work fitting new boilers and insulation writing off £40m. Ministers said they planned to sign up 10,000 households by the end of the year to take out loans for energy-efficient works, but so far only around a dozen have signed up. Construction and support-services group Carillion had hoped to cash in from the scheme and has been forced to admit the failure will lead to layoffs and a complete restructuring of its energy division. Launched earlier this year, the Green Deal replaced previous schemes that offered free or highly subsided insulation and draught-proof services in the hope of reducing energy bills. The new scheme saw a 97 per cent fall in people insulating their homes, leading to critics calling it a failure and leaving Carillion with too many staff and not enough business. The company is expected to lay off dozens of staff , but bosses refused to reveal how many jobs would be lost. Consumers reject the opportunity for taking on more debt. Who'd have thought that would have happened. It appears this govt project has been a total failure. Sadly people will lose their jobs which clearly should never have been created in the first place. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted October 4, 2013 Share Posted October 4, 2013 Not unexpected. This green debt scheme basically forced any takers into the hands of the banks and select service providers who were members of the scheme. Like so much of what has gone on in the last decade - vested interest, market manipulation, debt pushing and a fluffy benevolent government wrapping., resulting in no deal at all. Take VAT off energy efficiency improvement products, do that and nothing else. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 4, 2013 Share Posted October 4, 2013 Pushing on a string. At this stage of the economic cycle people want less debt, not more. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted October 4, 2013 Share Posted October 4, 2013 (edited) I recall looking at this deal before which lead me to the conclusion: 1) Go to Q&Q, buy loft insulation for £100 and fit it myself 2) Takeout £1000 debt and get a 'professional' to supply and fit the insulation, then pay interest on the £1000 for 10 years. They will have to try harder than that! Edited October 4, 2013 by Gone to Ireland. Quote Link to comment Share on other sites More sharing options...
workingpoor Posted October 4, 2013 Share Posted October 4, 2013 I have some friends who work in the home insulation industry and the withdrawing of funding for free home insulation has decimated the industry, nobody's interested in the Green Deal. There's been a lot of redundancies they're mostly just doing cavity wall insulation now as its all they have. I've had more than a few doorstep sales rep' s visit lately offering a free cavity wall survey with a view to having it done. Quote Link to comment Share on other sites More sharing options...
koala_bear Posted October 4, 2013 Share Posted October 4, 2013 I recall looking at this deal before which lead me to the conclusion: 1) Go to Q&Q, buy loft insulation for £100 and fit it myself 2) Takeout £1000 debt and get a 'professional' to supply and fit the insulation, then pay interest on the £1000 for 10 years. They will have to try harder than that! The second is much better for GDP though . It has HM Treasury written all over it Quote Link to comment Share on other sites More sharing options...
Travisher Posted October 4, 2013 Share Posted October 4, 2013 A fortnight ago I went to insulate a relative's loft. As I didn't quite have enough insulation with me I went to get some more. Homebase had no insulation whatsoever. B&Q only had wide rolls which were a b*gger to get into the loft. The measly amount of insulation needed to do this small loft cost over £65. Two years ago I bought enough to insulate my 4 bed house for £28. It seems to me they don't want anyone to save energy any more. I must admit I'd not made the connection between my difficulty and expense in obtaining insulation and the governments Green Deal loan rip off. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted October 5, 2013 Share Posted October 5, 2013 Not unexpected. This green debt scheme basically forced any takers into the hands of the banks and select service providers who were members of the scheme. Like so much of what has gone on in the last decade - vested interest, market manipulation, debt pushing and a fluffy benevolent government wrapping., resulting in no deal at all. Take VAT off energy efficiency improvement products, do that and nothing else. +1 Quote Link to comment Share on other sites More sharing options...
moneyfornothing Posted October 5, 2013 Share Posted October 5, 2013 we need help to insulate for hard working debt shirkers or carillion bosses to feather their nests as the case may be.. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted October 5, 2013 Share Posted October 5, 2013 !2 from an expected 10,000 how can one be so wrong,counting chickens through a kaleidoscope comes to mind Quote Link to comment Share on other sites More sharing options...
dave14 Posted October 6, 2013 Share Posted October 6, 2013 These two youtube vids might help. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted October 6, 2013 Share Posted October 6, 2013 (edited) I understand with loft insulation more is better but removing/ reducing diy subsidy increases the price and I guess people buy less to not even bothering. It will also lengthen the payback period. I have not done the calcs but maybe the payback period is longer than the average time before someone moves house? Yes there are non financial benefits like being warm. On property pron shows I don't think I have ever seen talk of insulation increasing a property value ( by the savings generated). Edited October 6, 2013 by Ash4781 Quote Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted October 6, 2013 Share Posted October 6, 2013 Having just missed out on the previous subsidies (I managed to get a water tank jacket for a fiver), I can tell you the price of insulation certainly adds up - about £250 to do our loft. It's a big increase on previous prices - but probably still worth it (at least from the comfort point of view). But I'd rather put it on the credit card than take any green deal. Quote Link to comment Share on other sites More sharing options...
Wayo Posted October 6, 2013 Share Posted October 6, 2013 It seems to me they don't want anyone to save energy any more. I must admit I'd not made the connection between my difficulty and expense in obtaining insulation and the governments Green Deal loan rip off. Not sure I follow why Green Deal has suddenly caused a surge in the price of blown wool, especially if everybody has actually stopped insulating? The government is famous for cooking things up, but surely even they couldn't succeed in making uneconomic just about the only economically viable 'green' improvement yet seen on an EPC certificate except for room thermostats and energy saving bulbs? The former assuming they in fact cost a fraction of the £350-450 quoted in a standard EPC. Quote Link to comment Share on other sites More sharing options...
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