Home PropertyFive worthwhile energy saving techniques for your property

Five worthwhile energy saving techniques for your property

by Seamus Doherty Property Reporter
22nd Jan 25 7:43 am

Research fromย epIMS, the EPC and energy efficiency platform developed for landlords, looks at how long it takes to recoup the cost of implementing energy saving measures to the home, including one that will pay back its cost in just six months.

There are myriad ways of improving the energy efficiency of the home, some of which are cheap and easy, others which are expensive and complex to implement.

Each of these measures is designed to reduce energy usage, reduce household bills, and even increase EPC ratings.

epIMS has analysed the estimated annual financial savings provided by these measures to see which will pay for their initial cost in the shortest time.

Insulate hot water tank – 6 months

Insulating your hot water tank prevents heat loss and saves energy, and all you have to do is buy a hot water cylinder jacket to get the job done.

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The average price of a cylinder jacket is ยฃ25, and itโ€™s going to result in an average annual saving of ยฃ45. This means youโ€™ll recoup the cost of the jacket in just six months.

Energy efficient lightbulbs – 1 year

An LED light bulb costs an average of ยฃ3.75. Over the course of a year, each bulb saves you an estimated ยฃ3.50 compared to a halogen bulb.

The average home has 34 lightbulbs, creating a cost ofย  ยฃ127.50 but allowing for an annual energy bill saving of ยฃ119. Therefore, the cost of switching is recouped in just over one year.

Smart thermostat – 2 years

Depending on the brand and model, a smart thermostat will cost between ยฃ120 – ยฃ220, but it will allow you to reduce your heating bill by an average of 10% a year. Based on the average annual gas bill of ยฃ834.26, this is an annual saving of ยฃ83.43 which means youโ€™ll recoup the cost of the thermostat in two years.

Draught-proofing – 6.25 years

Draught-proofing aims to block gaps around windows and doors to keep cold air out and warm air in. A professional will charge you about ยฃ250 to get the job done, and youโ€™ll save roughly ยฃ40 per year on energy bills, which means youโ€™ll recoup the cost after 6.25 years.

Roof/loft insulation – 3.4 years (or 29 years!)

Roof insulation is one of the best ways of keeping your home warm with minimum waste. If youโ€™re starting from a place of having no roof insulation at all, installing 270mm of insulation will cost around ยฃ1,012. But it will save you approximately ยฃ295 per year in heating bills. This means youโ€™ll recoup the cost in 3.4 years.

However, most homes will already have at least 120mm insulation installed, in which case increasing the thickness to 270mm will only bring an annual saving of ยฃ27.25, meaning itโ€™ll take nearly 29 years to recoup the installation cost

Energy saving methods that take longer to deliver profit

Some of the most popular energy saving measures are also the most expensive. A boiler upgrade will cost an average of ยฃ3,000 and itโ€™ll take more than 15 years for savings to recoup the expense. Savings created by secondary glazing will take almost 42 years to cover the installation cost, while double glazing will only pay for itself after an average of 43 years.

COO of epIMS, Craig Cooper, said, โ€œWith a large array of options available when it comes to increasing energy efficiency, itโ€™s important to gain an understanding of where there is most room for improvement in your property, because some of the most commonly used measures, such as double glazing, might cost so much to install that itโ€™s going to decades before you see any sort of financial benefit.

The same applies to landlords who are looking to improve the EPC rating of their property. Gaining insight into the homeโ€™s efficiency weak spots enables you to make the right improvements at the right time, and thereโ€™s a good chance that the best course of action is also one of the most affordable.โ€

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