How To Make Home Energy Upgrades With Grants and Discounts
Homeowners across the UK are increasingly looking for ways to improve the energy efficiency of their properties. With rising energy costs and growing environmental concerns, making energy upgrades has become a priority.
However, many people are put off by the upfront costs associated with these improvements. Fortunately, there are various grants, discounts, and financial options available to make these upgrades more accessible and affordable.
Which Energy Upgrades Can Save You Money?
There are several types of energy upgrades that homeowners can implement to improve their home’s efficiency, reduce energy bills, and lower their carbon footprint. One of the most effective upgrades is installing insulation.
Proper insulation in walls, lofts, and floors can significantly reduce heat loss, making homes up to 25% more efficient. Double or triple glazing is another way to improve energy efficiency by preventing heat from escaping through windows.
Upgrading heating systems is another crucial step. Switching from an old gas boiler to an air source or ground source heat pump can reduce heating costs and reliance on fossil fuels. Solar panels are also a popular option, providing renewable energy that can cut electricity bills substantially. According to the Energy Saving Trust, installing solar panels can save homeowners up to £505 per year on energy bills.
Smaller upgrades can also make a big difference. LED lighting, smart thermostats, and draught-proofing are low-cost options that improve energy efficiency without requiring significant investment. When combined, these measures can create a more comfortable and cost-effective property and increase the value of the home when looking to resell.
What Home Grants and Discounts Are Available?
The UK government and local authorities offer various grants and discounts to support homeowners in making energy-efficient upgrades. One of the most well-known schemes is the Energy Company Obligation (ECO), which helps eligible homeowners and tenants with insulation and heating system improvements. The Boiler Upgrade Scheme provides grants of up to £7,500 to replace old gas boilers with low-carbon heating alternatives like heat pumps.
For those looking to install solar panels or battery storage, some local councils offer specific grants or loans to support these projects. In addition, VAT on energy-saving materials, including insulation and heat pumps, has been reduced to 0% until 2027, making these upgrades even more affordable.
Finance Options for Energy Upgrades
For homeowners who do not qualify for grants or who need additional funding, various financing options can help spread the cost of energy improvements. Green mortgages are an option offered by many banks and building societies, providing favourable interest rates to homeowners who invest in energy-efficient upgrades.
Another option is personal loans, which allow homeowners to borrow money specifically for home improvements. Some energy companies also offer finance plans, allowing customers to pay for solar panels, heat pumps, or insulation in manageable monthly instalments.
With energy prices rising, investing in energy efficiency is a smart financial decision. Research by the Office for National Statistics found that homes with higher energy efficiency ratings sell for an average of 14% more than those with poor ratings. By taking advantage of grants, discounts, and financing options, homeowners can make their homes more comfortable, environmentally friendly, and financially valuable.
