DECC: energy efficiency measures can add up to 38% to property value
New research from the Department of Energy and Climate Change (DECC) has revealed the value of a UK home can go up exponentially if energy-saving measures are fitted.
The study of 300,000 property sales revealed house prices could soar in price by as much as 38%, if measures such as a new boiler, fitting loft and wall insulation or double glazing were utilised prior to sale.
The DECC claims improving a property's Energy Performance Certificate (EPC) rating from band G to band E or alternatively from band D to band B, could add more than £16,000 to the average UK property.
Those in the north of England could benefit even further, with a similar improvement from band G to E seeing a property's value soar upwards of £25,355 in the North East and around £23,155 in the North West.
Energy and 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."
The Government is currently working alongside a number of energy providers in the UK to supply customers with new energy-efficient products via its flagship Green Deal initiative. These items include everything from a replacement boiler, to new loft or wall insulation.
It hopes the scheme will see more properties join the current 46% of all UK households currently rated at EPC band D.
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