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Homeowners could be losing out on £43k due to below-par EPC ratings  

Friday, 5th January 2024

With temperatures starting to drop across the country, homeowners are more concerned than ever about energy efficiency. In fact, our latest research reveals more than 11 million homeowners across the UK would consider paying more for a property that has an EPC rating of C or above *.

A property’s EPC rating essentially identifies how energy efficient a building is. Every time a property is built, sold or rented in England and Wales an accredited assessor must carry out an EPC rating report giving detailed information about the property’s energy efficiency and emissions.

Four in five (80%) of those surveyed would consider paying more for a home with an EPC rating of C or above, with homeowners saying they would pay 15% more, on average, for a property with a higher rating.

Based on the average UK house price, this means that Brits are willing to pay a staggering £43,000 more, on average, for a home that is more energy efficient**.

A third (32%) of homeowners say a recently renewed EPC of C of above is an important feature when buying. Yet, concerningly, a quarter (24%) say they are worried their property’s EPC rating will stop them from being able to sell their home.

To help homeowners this Winter, we have created a first aid kit to help homeowners winter proof their property and make the nation’s homes more energy efficient. Here are just a few of our top tips to help improve a home’s energy efficiency:

  1. Make sure your home is well insulated: uninsulated homes lose more than a third of their heat through the external walls, but it’s not just the walls and loft which need to be insulated. Check that your hot water tank and any pipes are wrapped in insulation – cylinder jackets and foam pipe insulation are affordable solutions for those not wanting to invest too much on upgrades. 
  2. Keep out the draught: up to 24% of a home’s heat energy is lost through old, draughty windows. The ideal is that homeowners would upgrade windows to be double or triple glazed, although this is more of an investment. So, if upgrading windows is out of the picture, make sure you have fitted blinds and curtains to reduce the amount of heat energy lost! In fact, data from Hillarys reveals shutters help reduce heat loss through windows by 36%, while roman blinds with an interlining help reduce it by 21% and curtains with a blackout lining can help reduce heat loss by 14%.
  3. Turn your thermostat down: according to the Energy Saving Trust, turning your thermostat down by just one degree can cut bills by about £145 a year, which is around 4-5%.
  4. Switch your lightbulbs: LEDlightbulbs are more energy efficient than your average light bulb and they tend to last longer too. Make sure you swap your lightbulbs where you can and also make sure you turn your lights off when you leave a room. This could save around £25 a year on energy bills.
  5. Avoid staying on standby: it sounds simple, but switch off appliances at the wall and remove the plug from the socket! It won’t neccesarily increase your home’s EPC rating, but it will help to reduce the amount of energy your home is using which goes hand in hand with lowering energy bills!