Pay As You Save green finance, with repayments linked to the property, will require primary legislation and we'd expect them to be in available by 2012.
Plans to encourage householders to make their homes much warmer and cheaper to run have been announced by ministers.
Consumers will be offered long-term loans to install insulation, solar panels or other green technology, which they can repay through energy bills.
The government wants to save 29% of carbon emissions from UK homes by 2020.
Ed Miliband, energy and climate secretary, said: “The Warm Homes, Green Homes Strategy will remove the deterrent of upfront costs and reduce the hassle of the move to greener living.”
The government says its plans will allow seven million British households to benefit from upgrades and create up to 65,000 jobs in the green homes industry.
Mr Miliband told the BBC: "If you're potentially buying the house, what will you find? "You'll find that the energy bills are significantly lower so, say, you'll be having a few hundred pounds off your energy bills and offsetting that you'll have a couple of hundred pounds in payments. "So you'll think, well I'm better off, actually, because this house has significantly lower energy bills, although it's got this repayment built into it."
The whole house energy makeovers, which the Government wants to roll out to improve the energy efficiency of the UK's 22 million existing homes, will provide a range of technologies including insulation and small-scale renewables such as solar panels or ground source heat pumps to provide energy.
Mr Miliband said: "Helping people save energy at home can make it easier and cheaper to keep homes warm and appliances running. It is also the best way to cut our carbon emissions.
"This new approach will allow people to pay for home improvements after they have had them installed rather than before," he said. "More people will be able to get the work they want done. That means less energy used, which is good for the environment, and lower bills, which is good for families, particularly when we have cold weather like we did this winter."
The Department of Energy and Climate Change (DECC) has already been in discussions with a number of sectors including retail and banking over how the loans can be delivered, while the Government will introduce legislation to allow for the loans to be attached to homes.
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