Burnishing your home’s green credentials adds less than 2pc to its price tag, new research has found. Energy efficiency improvements are currently having limited impact on house prices, despite the Government’s push to go green. Decarbonising and adapting housing stock is critical if Britain is to meet its 2050 emissions targets, especially given that homes account for about 15pc of the UK’s total carbon emissions. A greener home attracted a modest premium of 1.7pc for an owner occupier property rated A or B compared to a D-rated home. Properties rated F or G attract a 3.5pc discount compared to a similar D-rated property, Nationwide said. Installing all the recommended energy improvement measures in homes currently rated F or G would result in an average saving of around £1,780 per year. However, the installation cost for such measures is also high at an estimated £25,800, leading to a payback period of around 14 years.
Telegraph 29th Aug 2021 read more »