Saving money with energy efficiency

Posted: 29 Aug 2006 12:08:40 GMT

Many homeowners are choosing to make improvements to their house in an effort to cut down on energy bills, according to new research.

The Halifax home improvement survey shows that 85 per cent of homeowners are concerned by energy costs.

Around 99 per cent of consumers stated that they were trying to cut down on their energy bills as providers continue to put prices up.

Double glazing has become a popular method of improving energy efficiency with 45 per cent of people having new windows fitted.

Insulation is another tried and tested formula and 41 per cent of households have had their home insulation improved.

Other practices such as new radiators and boilers have all seen an upsurge in demand.

Jon Sykes, the head of mainstream mortgage products at Halifax, stated: "Making energy and fuel saving improvements could save householders hundreds of pounds a year.

"Energy savings will help to offset the rising cost of gas and electricity."

A notable proportion of people taking part in the survey showed willing to take on large financial outlay for future savings. Around 17 per cent stated they would spend between £1,000 and £2,000 on home improvements.


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