The simple £ 3 solution to cut Britons’ energy bills by over £ 200

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Now that the weather is getting colder by the day, millions of Britons have decided to turn on their heating.

However, for many, the idea of ​​a big heating bill is terrifying – especially given today’s £ 20 universal credit cut.

New research from Norton Finance has found that consumers are turning to energy efficient home improvements to fight rising costs and they are not as high as you might think.

The study ranks the most cost-effective ways for the average household with an average patio to save on their energy bills after five years by installing different types of insulation.

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Air-tightness

What you’ll spend: £ 3

How much you could save: £ 215

Draft protection is one of the cheapest and most effective ways to save energy and money.

Do-it-yourself draft protection starts at under £ 3 for a roll of self-adhesive draft-proof tape.

Block off unwanted spaces around windows, doors, and fireplaces that allow cold air to enter and warm air to exit.

Doing this could save around £ 215 on fuel after 5 years.

Roof insulation

What you’ll spend: £ 285

How much you could save: £ 500

Just like going out in cold weather without a hat, up to a quarter of the heat can be lost if your roof isn’t insulated.

The loft in a mid-terrace house costs around £ 285 to insulate with 270mm insulation, saving you up to £ 500 on bills after five years. You also reduce your carbon footprint by around 530 kg each year.

Wall insulation

What you’ll spend: £ 400

How much you could save: £ 500

About a third of the heat is lost through the walls of uninsulated houses. The age of your home will usually determine the type of walls you have, which in turn affects the cost of insulation.

Solid walls let twice as much heat escape as hollow walls. While solid wall insulation can be more expensive, the savings on your heating bills will also be greater. Insulating the walls of an average mid-terrace house costs less than £ 400, with savings of just under £ 500 after five years, saving 415kg of carbon each year.

Upgrade your boiler

What you’ll spend: £ 2,500

How much you could save: £ 850

Boilers are constantly improving their energy efficiency. If you haven’t had a new boiler in the past 10 years, replacing it with a newer model could cost around £ 2,500, but you could save over £ 850 on bills within five years if you’re in. a half-terrace house.

What’s more, a new boiler will reduce your household’s carbon footprint by 1.92 tonnes of CO2 every year – says the Daily check-in.

Replace your windows

What you’ll spend: £ 4,350

How much you could save: £ 850

About 20% of the heat can be lost through standard windows. Invest in energy efficient double glazed windows to save up to £ 850 on heating bills over five years and 80kg of carbon per year.

Installation costs average around £ 4,250 for semi-medium A-grade PVC windows, compared to around £ 15,000 for A-grade hardwood windows.

Double-glazed windows can reduce the CO2 emissions of a typical household by three-quarters of a ton each year.

Install solar panels

What you’ll spend: £ 4,800

How much you could save: £ 1,650

Nowadays, an average solar installation will cost £ 4,800 all inclusive, but if you are a homeowner who stays home all day, it is estimated that a 3.5kW panel will save you £ 330 per year, or about £ 1,650 more. a period of five years.

Not only that, but a typical solar panel also saves over 900 kg of CO2 per year.

Most homes have more than 12 panels, which is 10.8 tons of carbon saved each year, not to mention the money you get returned to you from the Smart Export Guarantee.

Norton Finance estimates that by doing all of this and choosing a boiler upgrade over installing solar panels, homeowners could save nearly £ 3,000 on their energy bills within five years at the cost today.

Switching to solar panels could save you almost £ 4,000 over the same five-year period.

To learn more about home improvement loans, visit www.nortonfinance.co.uk/loans/home-improvement-loans.


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