Home Energy Efficiency: The Costs and the Payoff
Home Energy Efficiency: The Costs and the Payoff
According to a new analysis of houses that are below green standards, the majority of these homes could be raised to average green standards for around £3,000. Homeowners could do so by working with a company such as EnergySmart that specializes in providing all homeowners with access to discounted home energy suppliers. They should also look into boiler repair or even upgrading to a modern-type boiler.
The analysis, which was completed by the Energy Saving Trust, may come as a pleasant surprise for older homeowners as they say that the average cost of upgrading 85 percent of the lower banded homes would be much less than some think. They estimate that it would take approximately £3,000 in order to bring these homes up to an E band rating. The Trust says that this could be done by simply installing new loft or perhaps new wall insulation or a modern-type boiler.
The Trust revealed that the number of energy-inefficient homes in both private and rental sectors is beginning to lower. The average home is currently rated at a D band. According to the Trust, in 2008 17 percent of all homes in the UK were in the F and G bands. These are the lowest grades on an energy performance certificate.According to the study, a home that is rated in the lowest band, the G band, can emit over 22 tonnes of carbon dioxide per year. If each of these homes were to upgrade to an E band rating, then it would be possible to save 14 tonnes of carbon dioxide annually.
"On the whole, our study is good news. Most F- and G-rated homes can be improved very cost-effectively, for less than £3,000. That's less than 2% of the sale price of the average UK home," said the housing strategy manager for the Energy Saving Trust, David Weatherall. "With the abolition of Home Information Packs, and the new government committed to the green agenda, EPCs are going to enjoy a higher profile. For anyone about to sell their home with an old boiler or lacking full loft and cavity insulation, we'd strongly advise you not to take the risk of getting a very poor energy rating and potentially a lower sale price."
A previous study suggests that 70 percent of consumers that are in the market for a new home would renegotiate the price of a property if they were to discover that it was inefficient.
Marcus Gallon writes articles on green energy including environmental issues, energy security and the renewables sector.
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Tagged with: Costs • Efficiency • Energy • Home • Payoff