There are now over 14,000 Green Deal plans and applications worth a total of £50.3 million, according to figures published by the Green Deal Finance Company (GDFC).
In the last six months GDFC has received more than £21 million of applications, with applications since Easter routinely breaking £1.8 million per week – representing over 550 households.
GDFC claims to have lent in excess of £30 million so far in ‘pay-as-you-save’ home energy efficiency loans. Comparing the scheme’s growth to date in May shows a five-fold increase in plan sales since May 2014.
Over £30 million has so far been lent by the company for the pay-as-you-save home energy efficiency scheme and over £20 million worth of applications are now moving through GDFC systems. Growth as of 19 May represents a five-fold increase in plan sales since May 2014.
The most popular technologies being financed by GDFC are now boilers, solar PV and external wall insulation. Solar PV has experienced strong growth over recent months to now represent one third of all plans and applications made to GDFC.
Commenting on GDFC’s performance Mark Bayley, GDFC, chief executive said: “GDFC continues to show strong growth every week. £50 million worth of plans and applications is a major milestone when you remember it’s barely two years since the first Green Deal plan was signed.”
Bayley hailed the growth as a “step-change” for the company, adding that it was “an example of the potential power of pay-as-you-save and the considerable effort of our small and medium sized provider network”.