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Preparing for the Green Deal a B&Q perspective Sustainability 2012 George Padelopoulos

Preparing for the Green Deal a B&Q perspective Sustainability 2012 George Padelopoulos Senior Sustainability Manager. The Eco refurbishment market The Green deal – a brief overview The Sutton PAYS trial The Loft Insulation trial 22 nd Century Home. Eco refurbishment market.

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Preparing for the Green Deal a B&Q perspective Sustainability 2012 George Padelopoulos

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  1. Preparing for the Green Deal a B&Q perspective Sustainability 2012 George Padelopoulos Senior Sustainability Manager

  2. The Eco refurbishment market The Green deal – a brief overview The Sutton PAYS trial The Loft Insulation trial 22nd Century Home

  3. Eco refurbishment market Eco refurb market will be worth ~£30 - £40bn pa by 2020 Incremental market growth driven by three main programmes • CERT/ ECO: energy company funded carbon reduction • Green Deal: government initiative to encourage privately funded carbon reduction • FIT/RHI: financial incentives to encourage micro-generation Green deal will evolve more slowly as financing provision is put in place

  4. The Green Deal A Government legislated mechanic whereby property owners can borrow money from the capital markets to improve the energy efficiency of their homes and repay the cost through their energy bills over a number of years Designed to be a ‘market led’ initiative Driven by the principle that the cost is not greater than the expected savings over the lifetime of the measure – The Golden Rule

  5. Sutton – Pay As You Save • Enquiries • 400+ customer enquires • Assessments • 180 PAYS surveys undertaken • <10 households rejected • Financials • Homes retrofitted: 67 • Average cost: £14,237 • Lowest: £1,456 • Highest: £33,806

  6. Typical Measures

  7. 22nd Century Home

  8. In conclusion Market opportunity Some Green Details are still to be finalised Our experiences have and are shaping our decisions going forward

  9. THANK YOU

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