Research has shown that new homes are far more energy efficient than older properties, allowing households to save hundreds of pounds on their energy bill each year.
Even in the face of rising energy costs, new properties are still an attractive option for investors as they reduce the impact on the environment by consuming less energy.
According to the Buy Association, 84% of new properties received an EPC rating of an A or B between October and December 2021. Whereas, 81% of older homes were given a rating of C or D, and only 4% obtained an A or B.
So, why do these figures demonstrate that new homes vastly outperform older properties where energy efficiency is concerned?
For a start, modern homes are designed to be more energy efficient; homes have a minimum level of thermal performance and insulation. Older homes lose a lot of heat through flooring and tend to have substandard roof insulation.
Modern properties feature double-glazed windows that are filled with argon gas allowing sunlight in and retaining the heat. Even home layouts are more energy-efficient in comparison to the floor plans of older buildings. Furthermore, energy-efficient boilers and eco-friendly lighting systems will also contribute to a higher energy-efficient rating.
Energy performance is crucial for two main reasons: to reduce energy bills and to reduce the impact on the environment.
Within the last year, gas and electricity prices have soared. As homeowners across the country are now forced to spend more to meet the rising cost of energy, those living in older properties with a lower energy rating are hit the hardest.
The energy price cap was increased on the 1st April 2022, which means that the average household will spend between £1971 and £2017 on electricity each year. It’s anticipated that the energy price gap will again increase when it’s next reviewed in October. Therefore, one of the biggest incentives of newer properties is the improved energy-efficiency rating.
The environment is a big concern and households are being encouraged to reduce their carbon footprint. Approximately 40% of the UK’s carbon footprint comes from buildings. The UK government has therefore set a target to make all homes in the UK reach a minimum Energy performance Certificate (EPC) of C by 2035.
How can you make your home more energy-efficient?
Whether you live in new or older property, there are ways to improve your energy efficiency rating. You can start by replacing old appliances with more energy-efficient ones, and seek to replace old windows and doors. You can add extra insulation to the walls, roofs and floors and insulate pipes and hot water tanks.
To go the extra mile, you could upgrade your boiler to a more eco-friendly unit, or even install solar panels on your roof to take advantage of the sunlight as a freely available renewable energy source.
All of these methods can significantly reduce your energy consumption, saving you huge amounts of money each year.