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

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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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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SecomTech
SecomTech 04 Apr 2017

...and not one mention of the rules on PERMITTED DEVELOPMENT!!! Unless you have studied the plans you will not know...It's probable a high proportion would not need planning permission...BUILDING Control...

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Jonathan
Jonathan 03 Apr 2017

That's a very interesting study indeed. There is no doubt that new services and web apps such as Wonego.com in the UK or Roomster in the US will change the way people look for a flatmate, and that tenants...

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MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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