With household bills set to exceed £4,000 per year by January, research by property maintenance solution provider, Help me Fix, reveals that homeowners can reduce their bills by an average of £1,500 by making environmentally friendly changes to the home.
While conservative estimates are now warning of household bills hitting £4,200 a year in 2023, water bills are also expected to surge to around £419 a year as hot weather and drought spread across the UK as a result of global climate change.
However, Help me Fix has calculated that homeowners could reduce their annual bills by an average of £1,500 by making environmentally friendly upgrades to the home.
The biggest and most immediate savings can be made up by replacing an outdated boiler with a new, modern version. This will result in an estimated saving of £350 a year.
Installing cavity wall insulation will save £285 a year, while solar panels can reduce bills by £280.
Moving to a smart thermostat can help reduce energy bills by £200 a year; loft insulation can save £181; and double glazed windows can knock £115 off annual bills.
The simple use of energy efficient light bulbs can save £75 a year, and switching to low pressure or water saving taps can save £25.
Ettan Bazil, CEO and Founder of Help me Fix said:
“Households across the land are feeling the strain of rising bills and water shortages. As such, investing money in upgrading the energy efficiency of the home might not be at the forefront of most peoples’ minds.
However, those who can afford these upgrades should seriously consider carrying them out sooner rather than later.
Not only are there undeniable long-term financial benefits beyond this current cost of living crisis, but these changes are also great for the environment which, as we can see from the recurrence of adverse periods of weather, is in desperate need of a helping hand.”
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