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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Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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