Remortgaging



Eco-friendly technologies in your home

August 16, 2023
Information published was correct at the time of writing

How to generate and store power from renewable sources...

Renewable energy solutions are eco-friendly technologies that can be installed in your home, allowing you to generate and store power from renewable sources. They utilise infinite natural resources, such as sun, wind, air, water and biomass, to create energy. Examples include solar photovoltaic (PV) panels and air-source heat pumps.

Integrating renewable energy solutions into your home benefits you and the environment. These systems help reduce reliance on fossil fuels, enhance energy efficiency and save money on energy bills. Moreover, they contribute to the global fight against climate change by lowering carbon emissions and reducing your carbon footprint.

TYPES OF RENEWABLE ENERGY SOLUTIONS

Solar panels and battery storage: Solar panels convert the sun’s energy into electricity to power your home, appliances and devices. Any excess power can be stored in solar batteries during night time or sold in the national electricity grid as part of the government’s Smart Export Guarantee (SEG). Solar energy cab also provide hot water and heating throughout the year.

Air source heat pumps: If you’re considering replacing your boiler, an air source heat pump could be a great alternative. They absorb ambient air form outside, converting it into gas through refrigerant liquid, which is then compressed to generate heat for your home and hot water supply.

OTHER SUSTAINABILITY MEASURES

Alongside renewable energy generation, there are other ways to make your home and lifestyle more sustainable:

More efficient boilers: Installing a A-rated energy-efficient gas boiler can significantly reduce gas or oil consumption.

Electric vehicle chargers: With the UK banning the sale of new conventional petrol and diesel cards and vans from 2030, investing in an electric vehicle and an at-home charger can help reduce air pollution and cut your carbon footprint.

FUNDING RENEWABLE ENERGY SOLUTIONS

Installing these renewable solutions can be expensive Fortunately, various funding schemes are available to help make these energy-efficient home improvements more affordable. Some of these include the Local Authority Delivery (LAD), Home Upgrade Grant (HUG), Social Housing Decarbonisation Fund (SHDF), Boiler Upgrade Scheme, Homes for living, and the Energy Company Obligation (ECO). The ECO is a domestic energy efficiency funding programme directed by the government and delivered through the Green Levy by energy companies. From April 2022 to March 2026, ECO4 offers £1 billion per annum worth of funding to eligible households. It’s primary goals are to support low-income families, reduce fuel poverty and improve community energy efficiency.

MAXIMISING YOUR HOME’S SUSTAINABILITY

Before you utilise renewable technologies for your home, optimising your home for energy efficiency is vital. This is the first step towards a more sustainable home. Consider sourcing your energy from suppliers who offer 100% renewable electricity. This is a simple yet effective way to reduce your carbon footprint.

ENERGY CONSUMPTION

Investing in a smart meter can provide an in-depth understanding of energy consumption. These devices display your energy usage in real-time, helping you identify when and where energy is used in your home. You can pinpoint areas for improvements or reductions by tracking your energy consumption and expenditure. This knowledge can also remind you to switch off lights and heating when unnecessary.

Generating clean energy is great, but it’s futile if this energy is wasted through poor insulation. Make sure your walls and loft are well-insulated to prevent heat loss. Additionally, consider implementing other energy-saving measures like draught-proofing and installing smart thermostats.

GOVERNMENT GRANTS

Once you’ve taken these steps, you can explore which renewable solutions best suit your home. Remember to investigate whether you qualify for government grants that could subsidise the cost of these installations.

Remember, sustainability is not just a trend; it’s a crucial weapon i the battle against climate change. By making small changes to your lifestyle and home, you can contribute significantly to this global fight.

Don’t forget, our professional friendly advisors are at hand to support you and can help you explore all of your options.

Source:

[1] LifeSearch – Hidden costs in first-time home buying – 01/11/22

 

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