Making energy saving improvements to your property could increase its value by 14 per cent on average – and up to 38 per cent in some parts of England – according to new research released by the Department of Energy and Climate Change (DECC).
The report, which took into account over 300,000 property sales in England between 1995 and 2011, indicates that improving the EPC rating of an average UK home from band G to E, or from band D to B, could mean adding more than £16,000 to its sale price.
Climate change minister Greg Barker said: “We have long known the benefits of making energy saving improvements to the home, but this study is real evidence of the huge potential rewards.
“Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property. This Coalition is committed to helping hardworking families with the cost of living. The Green Deal is designed to do exactly that.
“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.”
The report can be downloaded in full by clicking here.