The Green Deal goes live today, giving people the opportunity to transform their homes by paying for energy efficient home improvements with the savings on their energy bills.

The Green Deal is the Coalition Government's new initiative to transform Britain's homes. With buildings in Britain among the least efficient in the world, the Green Deal gives homes and businesses a new way of paying for energy efficient improvements such as insulation and new heating systems.

There are 45 different types of improvements currently available under the Green Deal, helping people warm up their homes and pay for some or all of the improvements over time through their electricity bill.

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From today households in England and Wales who use the Green Deal to make energy saving home improvements will also qualify for hundreds of pounds of cashback from the Green Deal Cashback Scheme. The more work households decide to have done, the more cash they could receive and packages could be worth over £1,000.

Deputy Prime Minister Nick Clegg said: "The Green Deal will help thousands of homes stay warm for less. Those people will benefit from energy saving improvements – and their energy bills will fall. The UK green sector is a success story – it is the sixth largest in the world and has a crucial part to play in building a strong economy. The Green Deal will support thousands of jobs – not just over the next few years, but in the long-term."

(CD)