Going green to save money

A survey conducted by Norwich and Peterborough Building Society (N&P) has revealed that 69% of people said they were more likely to install energy-efficient features in their homes now, compared to this time last year.

It seems that the rising costs of gas, electricity and water are really starting to hurt, encouraging people to look for cheaper or more efficient methods of running their homes.

The survey was staged among customers to discover their views on “green” issues to mark the launch of N&P’s annual Eco Self-Build competition, which is now in its seventh year. The competition gives home-owners who have undertaken an “eco self-build” the chance to win £5,000 in cash. The winner will be the entrant whose property has, in the opinion of the judges, the most positive impact on the environment.

N&P asked people if they were ever to have a home built to their individual requirements, would they incorporate green features such as solar panels, a wind turbine, or ground source heat pumps? An impressive 87% of people said that they would, which is an increase of 6% on last year, when the same question was posed to customers. Of the remaining 13%, who said they would not use green features, nearly a third (30%) said they were worried about cost and 40% said they felt they did not know enough about it. 24% said they were ‘not interested’ and the remaining 6% did not give a reason.