Around 52% of UK residents view upping the energy efficiency of their homes as a priority, a rise from 37% in 2023.
Santander’s Tomorrow’s Homes report stated that while there was demand and interest from customers to improve energy efficiency, there were still barriers in place.
Around 57% of those surveyed said upfront costs were a barrier to home improvements, and two-thirds said they knew little or nothing about government schemes to incentivise home improvements.
Approximately 65% said they knew little to nothing about financial products to back energy-efficiency improvements.
Nearly two-thirds said they also didn’t know where to find trusted information or guidance on home energy improvements.
Around 64% said a government financial subsidy to lower the cost of improvements would help them proceed with upgrades, while 61% said lower taxes, such as council tax or stamp duty rebates, would be encouraging.
…
