Going green to boost the household budget

Going green to boost the household budget
As well as benefitting the environment, ‘going green’ can also help homeowners make significant savings

New research by M&S Bank has revealed that 78% of British homeowners are concerned with energy efficiency around the home with 69% saying this is for cost saving reasons.

The figures are up 19% on last year – compared with 28 per cent who were concerned for environmental reasons.

Of those who were concerned about the energy efficiency of their home, 96% were more or equally concerned this year than they were in 2015

Paul Stokes, Head of Products at M&S Bank, commented: “As well as benefitting the environment, ‘going green’ can also help homeowners make significant savings.”

Nearly all homeowners (98%) usually undertake at least one simple environmentally-friendly measure and 88% have already had at least one energy efficient improvement made to their home.


Top 5 energy saving measures

1. 87% - Recycle (e.g. metal, glass, plastic etc.)
2. 86% - Switch off the lights when not in the room
3. 81% - Use energy efficient light bulbs
4. 72% - Turn the heating off when I'm not in
5. 55% - Switch off appliances fully rather than leaving them on standby

Top 5 ‘Green’ Home improvements

1. 72% - Double/ triple glazing
2. 70% - Loft insulation
3. 52% - An energy efficient boiler
4. 9% - Solar panels
5. 1% - A wind turbine

Looking further ahead, the top energy efficiency home improvements for homeowners who haven’t made them already included installing solar panels (27%), an energy efficient boiler (21%) or a wind turbine (9%).

Paul continued: “It’s great to see that, homeowners recognise the benefits of making just a few simple, everyday changes to be more environmentally friendly. Over three-quarters have already made improvements to help them go green and with just over half (53%) seriously considering some sort of future energy saving home improvement, it’s clear that green improvements are at the forefront of homeowner’s minds.”

When it comes to buying new electrical appliances, 15% said they always buy products with the highest energy efficiency rating possible (A+++) and overall 49% always buy products with an ‘A’ rating or above – a 12% increase on last year.

76% of British homeowners are aware of the energy efficiency ratings of their household appliances and over half (57%) of these said that their appliances tended to have high energy efficiency ratings – 20% up on last year – while 24% had no idea about the energy efficiency ratings of their appliances.

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Latest Comments

SecomTech
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

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Bertrand
Bertrand 02 Jun 2017

How about the Welsh Govt introducing a scheme to protect landlords against "rogue" tenants who are then taken to court for criminal damage to the properties they trash. Pretty unlikely I suspect and politically...

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AmberMorris
AmberMorris 25 May 2017

"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

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Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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