Cheaper energy bills
Up to September 2021, 84 per cent of new build homes were given an A-B Energy Performance Certificate (EPC) rating for energy efficiency. In comparison, just 3 per cent of older existing properties reach the same standard, with 58 per cent having a considerably lower rating of D-G.
However, with higher energy efficiency standards now in place, just how much can be saved on utility costs overall?
Well according to HBF, owners of sustainable new build homes were saving an average of £555 on household bills each year. Heating bills were the biggest cost-saver, with bills 59 per cent cheaper – a saving of £396 on heating bills alone. This is a huge benefit to many homeowners in the UK who must endure chilly winters.
Overall, as energy efficiencies continue to improve and be implemented, the savings will continue to be even greater for buyers. The current average saving of £555 per year is equivalent to three weeks of the average mortgage, the average English Premier League season ticket, or a new high-tech 4K Ultra HD TV. Now that’s something we’d rather spend our money on!