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How to Boost Your Property Value with Green Fixes

Editors Note: The following content has been provided by Linda Dodge, Content Executive at Uswitch.

It’s been 25 years since the first home installation of solar panels took place, with the cost at the time exceeding £18,000. Since then the numbers have increased to the thousands. This trend, coupled with the UK’s climate sustainability CO₂ goal of achieving net-zero emissions, has resulted in a dramatic rise in renewable installations across the UK.

However, besides the benefit of contributing towards a greener future, property values can be boosted by these green fixes and they’re not nearly as expensive as they once were.

 

Which Green Installations will Increase My Property Value?

Analysis by Uswitch.com has discovered how much value the most popular renewable installations can add to a property.

Solar panels have the ability to increase a property’s value by up to 14%, which is an average increase of £34,758. Currently solar panels cost between £6,000 to £10,000 to install depending on property size, so it makes sense even at the upper end of costs and this doesn’t include the energy bill savings made.

One of the cheapest measures one can do is ensure there is adequate insulation in a property. A healthy amount of insulation in a loft, and draught resistant measures taken can increase a home’s value by 6.4%. For the average home that’s an increase of £16,000. 

With gas prices through the roof, alternative ways of heating homes are becoming increasingly popular. One green method is the ground source heat pump. To have one of these in your home could increase a property’s value by £13,407 or 5.4%. However, these are still on the expensive side costing between £13,000 to £35,000 to install. 

Alternatives to gas boilers are going to become the new norm as gas boilers are expected to be phased out from 2025 onwards. For around £5,000 homes can install a biomass boiler which burns wood pellets as a source of fuel which could lead to an increase in property value of 3.2%.

Click here to learn how Residential People can help you make greener choices

Areas With the Most Installations

Analysis of the number of new renewable installations across different local authorities shows which places have done the most to reduce their reliance on fossil fuels and the grid.

Stoke-on-Trent has seen the biggest increase in renewable installations in the past five years. The Staffordshire town has increased its installations, nearly entirely made up of photovoltaics, by 2,706, or an 86% increase from its original total in 2015.

Cornwall, which has the highest overall number of installations of any region, with 18,456, has finished as a close second, racking up 2,308, a 14% increase over the last half-decade. Stirling, the highest non-English region, is also the only other to break the 2,000 installation barrier, nearly doubling its total from 2,235 to 4,336.

Six more regions: North Lincolnshire, Aberdeenshire, Boston, Durham, Nottingham and Northampton, have increased their totals by over 1,000 installations, with the biggest jump in terms of the percentage being Boston, jumping from 1,169 to 2,281, or 95% overall.

The statistics show the continued investment locally on renewable installations in the home. The recent government report also shows that photovoltaics or solar panels have been the option of choice for renewable energy installations, with 990,966 fitted across all local authorities by 2019. 

Following behind in second place is onshore wind turbines with 9,887. However, there’s a total of 1,004,272 renewable installations across the UK with hydro, anaerobic digestion, offshore wind, wave/tidal, sewage gas, landfill gas, municipal solid waste, animal biomass, plant biomass and cofiring making up the remainder.

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