The Green Deal hopes to create 65,000 insulation jobs by 2015 thanks to a cash incentive offered to homeowners if they install energy-saving measures on their property, reports link2portal.co.uk.

Energy secretary Chris Huhne announced the deal in parliament as part of the coalition’s flagship energy and climate policy. Households will be able to borrow up to £10,000 over a 25-year period and, if they participate in the deal, a cash back incentive will be offered.

Making homes more energy efficient

Interior cladding could prove to be useful for householders looking to insulate after the government announced a £150 cashback deal to those who take part in the deal.

Huhne told the Guardian.

“The green deal is about putting energy consumers back in control of their bills and banishing Britain’s draughty homes to the history books,”

” By stimulating billions of pounds of private-sector investment, the green deal will revolutionise the way that we keep our homes warm, making them cosier, more efficient and all at no upfront cost.”

Massive opportunity for both businesses as well as households

Businesses will also be able to take on the deal, according to the energy minister. By 2020, the average household could pay around £94 a year less for energy than they would without the policies, making the scheme an attractive proposition.

Huhne summed up the term of the deal:

“The green deal is a massive business opportunity for firms up and down Britain, helping to power the economy and creating jobs.”