You are here: Home - Household Bills - News -

Homeowners ‘go green’ to boost energy efficiency

Written by:
With 97 per cent of UK homeowners concerned with energy efficiency, up to 50 per cent are prepared to ‘go green’ to save money and energy, according to M&S Bank research.

Of those who said they are concerned about the energy efficiency of their home, more than a quarter (28 per cent) are more concerned now than they were last year as it helps them to save money.

Less than one in 20 (4 per cent) said they were concerned for purely environmental reasons, down 9 per cent on last year.

Nearly all homeowners (99 per cent) said they regularly carry out at least one simple energy saving measure, and 85 per cent have made at least one green home improvement.

The table below illustrates the top energy efficiency measures already made by homeowners:

Energy saving measures Home improvements
91% – Switching off lights when not in the room 62% – Installed double glazing
86% – Use energy efficient light bulbs 62% – Installed loft insulation
79% – Turn the heating off when they’re not in 43% – Upgraded to energy efficient boiler
68% – Switch off appliances rather than leaving them on standby 9% – Installed solar panels

The top home improvements homeowners would seriously consider making include installing solar panels or solar collectors (31 per cent), installing a more energy efficient boiler (28 per cent) and installing triple glazing (23 per cent).

Major electrical appliances make up 20 per cent of the average energy bill, with this in mind, when replacing appliances nearly two in five homeowners will always buy a product with a rating of ‘A’ or above (37 per cent).

When thinking about the energy efficiency of existing household appliances they already own, 37 per cent have mostly high energy efficient household appliances, while 34 per cent said they had a mixture of higher and lower rated products. Just 14 per cent did not know the efficiency rating of their household appliances.

Paul Stokes, head of products at M&S Bank, said: “As well as helping the environment by going green, homeowners can also make substantial financial savings. That’s why it’s great to see so many people are recognising the benefits of making even just a few simple, everyday changes.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week