New research from the Department of Energy and Climate Change (DECC) has revealed that taking energy saving measures on your home (via the Green Deal or otherwise) could see a significant rise in its value.
The report took into account over 300,000 property sales in England between 1995 and 2011, making it the most comprehensive research in this area to date. The results found that on average house value could be increased by up to 14%, with that figure even reaching 38% in certain parts of the country.
For an average home in England, improving its EPC (Energy Performance Certificate) from band G to E, or from band D to B, could mean adding more than £16,000 to the sale price of the property. In the North East, improved energy efficiency from band G to E could increase this value by over £25,000 and the average home in the North West could see £23,000 added to its value.
Energy and Climate Change Minister Greg Barker said: “We have long known the benefits of making energy saving improvements to the home, but this study is real evidence of the huge potential rewards. Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property. This Coalition is committed to helping hardworking families with the cost of living. The Green Deal is designed to do exactly that.
“The Green Deal is helping more people make these types of home improvements, reducing high upfront costs and letting people pay for some the cost through the savings on their bills. The Green Deal is a great option for anyone wanting to improve the look, feel and potentially the value of their home.”
If you're reading this as an installer, it illustrates yet another reason why so many people are turning toward renewable energy sources - especially while the Green Deal is assisting in the cost. Training in renewable energy methods is the perfect way of expanding your business as well as getting the satisfaction that you are doing your part to help decrease Britain's carbon footprint. If you would like to find out more about what renewable energy training is available to you, give Access Training a call on 0800 345 7492.
Full story: Installeronline