A recent report by D&G Consulting highlights the potential benefits of the Green Deal for the composite door market. The report, commissioned by Door-Stop, estimates that there are an estimated 31 million doors over 10 years old installed in UK dwellings. In at least 19 million cases, replacing these with high performing insulating doors would produce annual energy and money savings for the homeowner. “This is a conservative estimate – the very minimum,” adds D&G Consulting’s David Amos.
High performing insulating doors (in practice, composite doors) are recognised on the Government’s advisory list as being the third most cost effective in its list of 47 measures which are eligible for the Green Deal under the ‘Golden Rule’. This means that the expected financial savings must be equal to or greater than the cost of repayment over the term of the Green Deal Plan. D&G’s report calculates that the payback period could be as quick as 4.4 years, depending on variables including the type of door being replaced and the initial cost. High quality composites can also be expected to last and continue to make further savings for years after the payback period.
“Not all homeowners will buy via the Green Deal, but the scheme will make energy efficiency an even more important selling point, which should have a significant effect on the composite door market,” explains Door-Stop’s Managing Director Nick Dutton. “The report makes it clear: composite doors can save energy and pay for themselves quickly, however homeowners choose to fund their purchase.”
Nick continues: “It isn’t only the retail replacement door market which will benefit. “New build and social housing also need good, energy efficient composite doors which will offer savings on energy bills and carbon emissions. Compared to many energy saving measures composite doors are a simple, cost effective way to save energy and cut household bills. The Green Deal will raise awareness of the issue, and the industry is well placed to take advantage of this.”