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Sutton Pay as you Save (PAYS) Trial James Walker, B&Q

Sutton Pay as you Save (PAYS) Trial James Walker, B&Q. What is PAYS?. L ong term energy efficiency loan Focused on hard to reach measures 40 % discount and interest free loan £400k installed by June 2010 £600k installed by March 2011. Process . Advertised locally

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Sutton Pay as you Save (PAYS) Trial James Walker, B&Q

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  1. Sutton Pay as you Save (PAYS) TrialJames Walker, B&Q

  2. What is PAYS? • Long term energy efficiency loan • Focused on hard to reach measures • 40% discount and interest free loan • £400k installed by June 2010 • £600k installed by March 2011

  3. Process • Advertised locally • Submit interest to London Borough of Sutton • Pre qualification questionnaire • PAYS audit • PAYS report • Sign up • Project managed installation

  4. Key Facts • 284 applications received • 54 home energy audits completed • 109 quotations provided • 34 homes agreed • 31 homes signed up • £20k of annual energy savings proposed • £398k revenue out of phase 1 potential of £400k

  5. Measures Adopted Solar hot water £0 Cavity Wall Insulation £201 Underfloor Insulation £1,502 Flat Roof Insulation £853 External Wall Insulation £9,758 Internal Wall Insulation £4,186 Draught Exclusion £165 Double/Secondary Glazing £3,121 Loft Insulation £239 Heating Controls £300 Boiler Replacement £3,479 Average spend per household £12,668 After discount this is £7,613 As a 25 year the loan this becomes £25.38 per month

  6. Initial thoughts • Awareness is good • Love for windows • Floor area concerns v comfort • Low concern over liability

  7. james.walker3@b-and-q.co.uk 07788 144 811 Thank you

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