The Reality of the Green Deal

THE REALITY OF THE GREEN DEAL Green Deal statistics as at 16th June 2013 ASSESSMENTS COMPLETED 38,259 ACTUALLY SIGNED UP 0.64% O 245 GREEN DEAL PLANS IN SYSTEM CONVERSION RATE INSTALLATIONS THE GOVERNMENT SET A TARGET TO TACKLE 14 MILLION HOMES && 2020 It would take over 23,000 years at the current rate to meet this target To achieve this, the number of assessments needs to be: 2 million 166,667 or 333,333 EACH YEAR PER MONTH PER MONTH Based on a 100% conversion rate of assessments to plans Based on a 50% conversion rate of assessments to plans Mind the Gap - The Ambition vs Reality Householders to take a whole house approach and install multiple energy efficiency measures 1% REALITY Percentage of cash back measures delivered with mutliple measures Therefore Whole House approach still not being considered Join up a supply chain of both big players and SME boiler companies, glazing installers and builders to offer these multiple measures REALITY Boiler companies 55,000 15% Commited ECO funding £1.3bn each year 532 Approx no. in industry with GD status 85% Glazing companies Cash back incentives 12,000 British Gas 60 SME's/Others Approx no. in industry Little engagement compared to size of these markets with GD status Enable a no-up-front cost route to paying, or part paying, for those 3. E measures; allowing all to benefit. REALITY How people are paying for a recommended key measure": 11% 8% 31% 31% own money 18% through local authority/council 16% Green Deal cash back scheme 16% 16% Energy Company ONLY 8% Green Deal Finance Scheme 16% 18% 11% Others Consumer Engagement 22% 010,000 LOFTS Based on Gov survey awareness level* £76 £11,837 TOTAL SPEND per assessment per plan £2.9m This would have insulated the lofts of approx. 10,000 homes Job Creation AMBITION TO CREATE5.000JOBS BY 2015 2014 JUNE 70,504 2013 Now needed to hit Government Target -5,504 INSULATION INSTALLER JOBS LOST IN THE INDUSTRY SO FAR THIS YEAR KNAUFINSULATION it's time to save етеcgy *Based on recent Government Green Deal Assessment Survey, June 2013 MORE NEEDED TO INCREASE CONVERSION