Energy saving improvements boosts value of property, DECC

Energy saving improvements boosts value of property, DECCAccording to a new report, adding energy saving improvements would increase the value of the property by between 14 per cent and 38 per cent in England.

The Department of Energy and Climate Change (DECC) report, which covered more than 300,000 property sales in England between 1995 and 2011, found that energy saving improvements is an important aspect influencing the selling price of the housing units in England.

According to estimates, if a housing unit's Energy Performance Certificate is improved from band G to E, or from band D to B, then the selling price could be increased by more than £16,000 by the sellers. In the North East, these improvements could increase this value of the property by about £25,000 and the selling price of houses in the North West could rise by £23,000 after improvements.

Greg Barker, energy and climate change minister, said, "Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property. This coalition is committed to helping hardworking families with the cost of living. The Green Deal is designed to do exactly that."

The Green Deal is allowing people to make these improvements by reducing the upfront costs and also by allowing them to pay for them through savings in their bills.