Energy efficient homes lower utility bills

More homeowners are now making the decision to go green with a host of energy efficient improvements, but many do for financial rather than environmental reasons, a new survey claims.

Research from propertyfinder.com found that three quarters of those surveyed said that cutting the cost of their fuel bills was higher on their list of priorities than helping to reduce carbon emissions.

Just under half of respondents said they would carry out energy efficiency improvements to their home to do their bit for the environment.

Jim Buckle of propertyfinder.com said: "It is evident that energy efficiency is an increasing consideration among homeowners, with saving money a priority.

"Most people already take advantage of double-glazing, loft and boiler insulation - which generate some savings - yet few are taking advantage of the lesser-known measures.”

"For example, cavity wall and under-floor insulation as well as condensing boilers can generate much greater savings on fuel bills," he said.

Floor installation can save homeowners the cost of having it installed within two to three years, leading to significant savings on utility bills from then on.

This works out as half the amount of time that it takes to recover the cost of roof insulation yet under a quarter of homeowners have installed it whilst 84 per cent have insulated their lofts.

Meanwhile, four out of five houses have double glazing which cuts £40 off the average £750 annual energy bill yet costs thousands of pounds to install.

But fewer than one in three households has a condensing boiler despite the fact it could save between 30 and 40 per cent a year on fuel bills and costs £1,000 to install.

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