“There are some 26 million homes in Britain, most of them about as well insulated as a rabbit hutch, and they need immediate help to be made less wasteful” Kevin McCloud, broadcaster and co-founder of Grand Designs Future Living said.
A new government study released last week advises that improving your property’s EPC (Energy Performance Certificate) rating by up to two bands could add more than £16,000 to the value of your home. Although solar panels can help to save you money these are more a long-term investment with current homeowners considering how to save money quickly, initiatives such as cavity wall and loft insulation as well as double-glazing are all appropriate methods. Installing cavity wall and loft insulation should boost your EPC rating by at least one band. Many new builds have an EPC rating of at least C however; it is harder and far more expensive to improve your rating once you reach band C.
The government is now running a new scheme called The Green Deal whereby those who can’t afford the upfront costs associated with making their homes more energy efficient can receive a loan which is paid back via the savings made on your energy bills. The green deal loan is attached to the property so any new owners would be responsible for the repayments and will be added to the electricity bill with one simple rule; estimated savings on bills will always equal or exceed the cost of the work.