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Enact Energy Secures £100m Green Deal and ECO contract

Green Deal provider Enact Energy has secured a contract with the Residential Landlords Association to deliver Green Deal and Energy Company Obligation services under an exclusive white label partnership.

The new service will target landlords and tenants of Britain’s 1.4 million private landlords with a goal of upgrading 10,000 properties in a deal that could be worth up to £100m over the next five years.

The RLA service is due to start in early November, initially offering free and grant funded insulation and heating works through ECO and then expanding to offer Green Deal packages next year.

Despite the Green Deal starting in January, Green Deal finance is not anticipated to be available until April or May 2013. 

In the meantime, landlords will be encouraged to take advantage of the ECO grants and could consider funding any financial contribution through existing savings or via an extension to their mortgage.

RLA chair Alan Ward said: “The Green Deal and ECO offers landlords a significant opportunity to improve the energy efficiency of their properties, but the legislation and processes are complicated.

“We believed there was a requirement for a service which understands the unique needs of both our landlord members and their tenants.”

Enact Energy chairman Adrian Wright added: “As a member of the RLA myself, I am personally delighted to be working with Alan and his team to launch this ground breaking new service aimed at both landlords and tenants across Britain.

“The RLA has been a strong voice on behalf of its members and has played a major role in representing the private rental sector as the government has looked to develop and implement the Energy Act. 

“Now that the Green Deal and Eco are here, this new service will continue to ensure that the RLA is at the forefront of supporting its members to improve the energy efficiency of their properties and the living conditions of their tenants.”

 

 

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