How to finance making your home more energy efficient

So, energy efficiency is commonly known to reduce the use of fossil fuels and also lower the emissions of greenhouse type gases. However it can affect communities in many other ways as well, mainly with what the IEA (international agency for energy) deems to be the many benefits that come from being energy efficient.

The international energy agency states that the benefits fit into 5 distinct categories or sections:

These are :

Economy impacting changes , for example the creation of employment or greater output for an existing workforce

  1. Population Health or living standards improvements
  2. Productivity increases from the industrial sector
  3. A lower operating and infrastructure cost for the actual energy providers
  4. Improved property values
  5. Overall reduced public spending
For the average household in the UK there are financing options available for them to become more energy efficient, this would have an impact for them on a cheaper house to run, a lifestyle and health improvement for them by being warmer, and of course a boost to the properties value due to it’s increased energy efficiency.
A knock on effect when multiple houses take these steps are a reduced load on the power grid, which conversely would actually impact profits at the energy companies, however this is not a concern for someone going green!
Local government in the UK are offering finance for various initiatives to enable you to undertake works such as solar energy systems, cavity wall insulation, loft insulation, wiring updates, floorboard insulation and more.
Some of the cost of installs are shown in the table below along with the approximate annual saving for such works.
This energy grants calculator gives you the options for free funding that are open to you .

Home improvement cost-benefit comparison

*Our Figures are estimates based on recent data from the energy saving. trust for England and Wales on central heated (gas) semi detached, 3 bed homes, and will change for larger houses, more occupants etc. These are guide figures only.

Other options for home upgrades are to look to private financing. For certain things like Solar Panels, where a fast gain in return may not be seen, it would be wise to either use savings or hold out for a grant. However a personal loan where you can find the cheapest at best loans  is a good option to finance something for example like a new central heating boiler installation (and possibly radiators). An upgrade like this can save up to 70% per annum on your gas bill when compared to an old boiler and apart from that, all new good make boilers now come with warranties of 5-10 years and this means that you will have no expenses apart from an annual service for each year of the warranty.
When that is set aside the potential large costs of keeping an old and unreliable central heating system going, the benefits are clear. Additional financing options are from companies such as British Gas who offer finance on their boiler installations, however these installations come at a distinct premium over a smaller local firm, with whom you could use your Personal Loan to pay for the heating installation work.