The British government’s Energy and Climate Change Secretary, Ed Miliband, announced details of a ‘green loan’ scheme on March 2 to help home owners pay for energy efficient improvements to their property.

The scheme known as ‘Pay as you Save’ plans to help residential owners undergo ‘whole house’ makeovers by integrating green technologies such as full wall insulation and small scale renewables, like solar thermal and PV, into their homes.

The scheme has been successfully underway in the form of a £4m pilot programme, with 500 homes around Britain involved, which will run until 2011.

The government is currently working with retailers and banks so that the loan repayments will be linked to the property, with the primary legislation to be introduced in 2012. The current scheme, however, is only available for homeowners; a move which has many campaigners in Britain concerned.  It appears the government’s legislative moves to urge private landlords to improve rental properties will not come into effect until 2015.