Savings for new build homeowners reaches over £3000 per year
7th Mar, 2023When comparing new builds against existing homes, over £3000 is saved on energy bills annually.
| New build home buyers are saving over £500 million a year in energy bills, as well as collectively reducing carbon emissions by over 500,000 tonnes. The Home Builders Federation (HBF) published its updated Watt a Save report late February detailing buyers of new build flats and houses could save an average of £2,520.73 on annual energy bills when the Energy Price Guarantee (EPG) increases on 1 April. This figure increased to £3,117.85 when comparing new builds against existing homes. |
New build homes costs from April 23
Existing homes costs from April 23
Houses
£1,822.38
£4,940.23
Flats
£1,456.78
£2,825.53
Bungalows
£2,052.14
£4,157.22
Maisonettes
£1,813.87
£3,640.43
Homes (all)
£1707.42
£4218.15
Houses
Flats
Bungalows
Maisonettes
Homes (all)
New build homes costs from April 23
£1,822.38
£1,456.78
£2,052.14
£1,813.87
£1707.42
Existing homes costs from April 23
£4,940.23
£2,825.53
£4,157.22
£3,640.43
£4218.15
In 2022, 85% of new build homes were rated with an EPC of B or above, while less than 4% of existing dwellings reached the same standard.
Neil Jefferson, HBF’s managing director said: “Energy efficient new homes are saving owners thousands of pounds a year in running costs. In the face of mounting pressures on households across the country, the energy performance of a home is an increasing motivator for consumers considering a new home purchase. Now we need lenders to take greater consideration of these numbers to support more people to get onto or move up the property ladder.”
Other key facts produced by HBF:
