Can green home improvements add value?
With energy bills soaring, the advantages of improving energy efficiency are becoming evident to many homeowners seeking to reduce their outgoings.
Research* suggests that over a quarter (26%) of British homeowners want to carry out improvements in order to make their home more energy efficient.
Give your home a price boost
Not only could energy efficiency improvements make a huge dent in your annual energy bills (up to ÂĢ1,878 according to a study from WWF and Scottish Power)**, but they could also add an average of ÂĢ10,000 to the value of your home.
So, what are the top green home improvements and how much could they add to the value of your property?
- Air-source heat pump: ÂĢ5,000 to ÂĢ8,000
- Solar panels: ÂĢ1,350 to ÂĢ5,400
- Electric vehicle charging point: ÂĢ5,400 to ÂĢ7,400
The smallest actions can make a difference
Despite their clear long-term benefits, the cost of installing low carbon technologies can be prohibitive â the average installation cost of an air-source heat pump is nearly ÂĢ11,000! Donât worry â even the smallest actions can chip away at your energy bills and reduce your carbon footprint.
According to the Energy Saving Trust***, these are the top ten energy savers that you can try without splashing too much cash:
Keep showers to four minutes: ÂĢ70 per year
- Avoid the tumble dryer: ÂĢ60 per year
- Ensure appliances arenât on standby mode: ÂĢ55 per year
- Draught-proof windows, doors and floors: ÂĢ45 per year
- Insulate your hot water cylinder: ÂĢ35 per year
- Wash clothes at 30 degrees and less frequently: ÂĢ28 per year
- Donât overfill the kettle and fit an aerator to your tap: ÂĢ36 per year
- Turn off lights when leaving rooms: ÂĢ20 per year
- Only run dishwasher when full: ÂĢ14 per year
- Replace baths with showers: ÂĢ12 per year
Taken altogether, these actions could shave ÂĢ375 per year off your bills!
*MAB, 2022
**WWF & Scottish Power, 2022
***Energy Saving Trust, 2022
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.