The government is also playing a role in supporting homeowners with retrofitting, with initiatives like the Green Homes Grant offering financial support for energy efficiency improvements. There has been progress on the developer side too, with Citu designing homes built to an EPC A standard here in Leeds. The Mortgage Industry Climate Action Group is another example of how our industry is committed to going further in this space.
While the latter might have a higher upfront cost, its lower running expenses would translate to significant savings over time. Rather, it should be the case that if you are purchasing a more energy efficient property, that will likely be cheaper to run in the long-term, you should be loaned more money to get you where you need to be. This is about getting lenders to accept that climate change isn’t just about energy efficient appliances and EPC ratings.
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