• 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief
  • 6 minutes Natural gas mobility for heavy duty trucks
  • 12 minutes Colonial pipeline hack
  • 2 hours U.S. Presidential Elections Status - Electoral Votes
  • 13 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Texas Power Outage Danger Until June 18th. Texans told to conserve energy!
  • 8 hours Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 8 hours And now, hybrid electric locomotives...

Breaking News:

Oil Prices Climb On Huge Inventory Draw

Oil Prices Fall Following Large Fuel Inventory Build

Oil Prices Fall Following Large Fuel Inventory Build

Crude oil prices fell slightly…

Turkey Makes Moves To Become An Energy Hub

Turkey Makes Moves To Become An Energy Hub

Turkey has moved closer to…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Energy Efficiency Upgrades Boost House Prices by £16,000 in the UK

A new study by the UK Department of Energy and Climate Change (DECC) has found that house prices can be increased by as much as 38% by installing energy efficient modifications.

After reviewing 300,000 property sales, the DECC determined that methods such as installing loft insulation, more efficient boilers, etc., in order to increase a houses energy rating band from G to E, can add an extra £16,000 to the sale price. In the North East the price can increase by as much as £25,000, in the North West by £23,000, and in London house prices increased by 41,000 on average.

Greg Baker, the Energy and Climate Change Minister, stated that this study offers proof of the huge rewards available to homeowners who take advantage of the governments Green Deal scheme, which provides financial support to cover the costs of refurbishments aimed at improving energy efficiency.

Related article: Liquid Fuel Consumption is Unlikely to Fall While it is Still Subsidised

The Guardian claims that energy lost as waste due to inefficient houses in the UK accounts for around a third of all emissions, so increasing the efficiency of homes offers an easy, cost-effective way to reduce the country’s emissions.

“Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property.

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.”

Unfortunately the Green Deal has so far proven unpopular due to criticism of the high interest rates that the government offers with its financial support. The Labour party has been quick to point out that taking a 25 year Green Deal package for £10,000 at the offered interest rate of 6.96%, would result in a total repayment of £21,000 over the lifetime of the loan.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News