New research from WWF and Scottish Power has quantified just how much households could save on their energy bills and add to their property’s value by embracing green technologies such as solar panels, heat pumps, and smart battery systems. WWF and Scottish Power’s report also notes that homeowners struggle to find reliable information about decarbonising their homes. This is where IMS Heat Pumps come in as an experienced partner for any new build or renovation development. According to the analysis, an air source heat pump added £5,000 to £8,000 to the home’s value.
The new study, “Better Homes, Cooler Planet”, calculates that a household with these energy efficiency upgrades could slash “up to £1,878 per year off their energy bills”. The full report is available on the Scottish Power website and is well worth a read if you are considering a new build or renovation project in the UK.
EDIT: This report has recently been updated using July 2023 price cap data. The updated modelling shows that, with the right combination of low carbon technologies and the energy efficiency measures, a typical household could save up to £2,300 on their annual energy bills. This represents an increase from the previous finding of £1,800, which was based on April 2022 price cap data.