Homeowners will take at least 10 years on average to recoup the costs of energy efficiency upgrades, new research suggests. Analysis by PwC suggests that households could save around a quarter of their annual energy bill, or £178, after upgrading their homes to their maximum potential energy efficiency. But they would spend a minimum of £1,237 on measures such as double glazing, loft and wall insulation and draughtproofing. However, upfront costs could be much greater, with the average upfront cost of around £11-18,000, making the payback period up to 74 years. The Government wants all homes to have an energy performance certificate of C or above by 2030 to cut carbon emissions. Energy use in homes is responsible for 14 per cent of the UK’s greenhouse gas emissions, the majority from inefficiencies and gas boilers. An estimated two-thirds, or 19 million, homes are currently classed as EPC D or below, meaning they would require some energy efficiency measures, such as insulation or double glazing, to meet the new requirements.
Telegraph 4th June 2021 read more »