As homeowners become increasingly focused on reducing their carbon footprint, many are considering sustainable upgrades and retrofitting their properties to improve energy efficiency. These changes can benefit both the environment and your wallet, but it’s essential to understand the financial impact, particularly when it comes to funding the improvements.
Spreading the Cost
For many, spreading the cost of sustainable upgrades over time can be a practical solution. This financing approach makes environmentally friendly improvements more accessible, allowing you to upgrade your property without a significant upfront expense. By distributing payments into manageable monthly instalments, you can begin enjoying the benefits of lower energy bills and enhanced property value while avoiding a large one-time cost.
Paying All in One
Paying for sustainable upgrades in one lump sum offers the advantage of maximising your savings over time. With no monthly repayments or interest to worry about, any reduction in energy costs goes straight to your pocket. This approach is ideal for those with available savings, as it allows you to fully benefit from both the environmental and financial rewards without the added cost of interest. Additionally, you can start enjoying a higher property value and lower energy bills immediately, helping you recoup your investment faster.
Get Ahead of 2030
With the government’s plans to implement stricter Energy Performance Certificate (EPC) requirements for rental properties by 2030 still ongoing, landlords are facing a critical deadline. Under proposed regulations, rental properties will need an EPC rating of C or above to be legally rented, and meeting these standards sooner rather than later is crucial.
Getting ahead of these changes not only avoids potential future costs and penalties but also positions your property ahead of the competition. Demand for energy-efficient homes is already growing as more renters and buyers seek lower energy. By retrofitting early, you’ll enhance your property’s appeal, future-proof its rental or resale value, and meet regulatory requirements before the deadline hits.
To discuss the options available to you why not get in contact with one of our adviser's today.
Comments