On Tuesday 6th September, DECC published a report with the Energy Saving Trust reviewing the "Pay As You Save" (PAYS) pilot study.
The Pay As You Save (PAYS) pilot was announced in November 2009. The aim was to trial a range of generous financing repayment options to incentivise householders to install energy efficient and microgeneration measures in their homes. The initiative was led by the Department of Energy and Climate Change in partnership with the Department for Communities and Local Government and it was administered by the Energy Saving Trust.
The findings presented in this review, across all five pilots, have provided a wealth of insight into how the different delivery approaches have driven householders to sign up to different PAYS financial packages and install a variety of energy saving measures. Each pilot was a success in its own right, and each pilot has shown that despite the challenges, innovative solutions can be identified to overcome many of the barriers associated with delivering energy saving measures into homes.
The report indicates that the launch of the Green Deal in 2012 will be a signficant step in promoting domestic renewable energy.
Text taken from the Energy Saving Trust website. The full report can be found here. www.decc.gov.uk