There has been a lot of talk about climate change recently, especially after the COP26 summit towards the end of 2021. It has become incredibly apparent for us to do everything we can to slow down the effects of climate change. One way we can do this is by investing in green technology for our homes. This article will explain different ways you can do this.
Get a green home mortgage
Households consume almost 30% of global energy, and contribute just over 20% of CO2 emissions. So, it is incredibly important to make your home as energy efficient as possible and choosing a green mortgage is one way you can do this.
Also known as an eco-mortgage, green mortgages offer the same method of borrowing money as regular mortgages, but the lender will reward the borrower for purchasing a home that is energy efficient. These rewards can come as a lower interest rate, higher loan amount, or even a cash incentive, with benefits also offered to borrowers who intend to make their existing house a green home. Not all lenders will offer green mortgages, NatWest and Barclays are the only options currently, although Nationwide and Halifax offer Green Rewards schemes.
So, how can you make your home more energy efficient in order to help the planet?
Save on energy costs
One of the most important ways you can make your home energy efficient is by reducing the amount of energy you use. With most household global energy used for heating and cooling the home, keeping track of the amount you use is important.
Smart meters are generally provided free of charge by your energy supplier and show you how much energy you’re using in real-time. By tracking your energy consumption, you can save money and reduce the amount you use at the same time.
If you’re wanting to go one step further, you can install solar panels on the roof. Not only will you be generating your own electricity, but by using the smart export guarantee scheme, you’ll get paid for the electricity you create but don’t use. This means that you’re not only saving money by producing what you use yourself, but you could earn around £100 a year by selling the excess.
Reduce your carbon footprint
Everyone has a carbon footprint that is measured by the amount of greenhouse gas emissions we produce. Something as simple as who we bank with or who our energy providers are can affect it. It’s always worth checking out how your bank invests your money, as well as how energy providers produce theirs, as their behaviours can influence your carbon footprint.
While it may seem like the climate crisis can only be fixed by those in power, every individual has the chance to make their home as eco-friendly as possible. Whether it’s through green mortgages, installing solar panels, or choosing a bank that’s invested in helping the planet, these small changes can make a big difference.
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