Sunday, June 16, 2013

Green homes jump in value

Report claims eco measures can add £16,000 to property prices
By Ali Hussain
Moving from a band D to a band B rating will require measures including solar panels
HOMEOWNERS who install energy efficiency features will add thousands of pounds to the value of their properties, a government report released tomorrow will show.
The analysis is designed to kick-start interest in the government’s flagship Green Deal scheme, which offers loans to households to pay for efficiency measures. The initiative has so far failed to catch on.
The Department of Energy and Climate Change (DECC) looked at more than 300,000 property sales in England in 1995-2011 and found that energy-efficient homes could be worth an average £16,000 more.
However, it admits that achieving the necessary efficiency improvements from a band D to a band B rating will require a range of measures, including the installation of solar panels, solid wall insulation and a new boiler.