The recent looming recession has resulted in many households wanting to invest in various energy solutions. How should you think about such a renovation – and what type of renovation is most effective when it comes to saving energy and money.
An energy-saving renovation can mean updating your current heating to a modern and more climate-friendly option, but it can also mean a completely new installation that should reduce energy consumption. The effect of an energy renovation is quickly felt in the form of lower housing costs and, in the longer term, often also an increase in the value of the home.
A large, but very profitable investment is to install solar cells. An environmentally friendly option that makes you less dependent on electricity prices because you reduce your need for purchased electricity. If you produce more electricity than you use, you can also sell your excess electricity. What you pay for this type of solution is the investment itself, then you have basically no costs. How much you can earn from solar cells depends on the conditions for your particular home. The electricity production itself depends on where in the country you live, the slope and direction of your roof and any shading. How much electricity your system produces and how much of it you use yourself or choose to sell on, of course, also have an impact on how much money you can save.
Rock heat pump
Geothermal heating is also an environmentally friendly and cost-effective heating alternative. An alternative that is becoming more and more common, largely because the conditions for geothermal heating are very good here. It provides the opportunity for large cost savings in the slightly longer term and can also increase the value of the home. With an updated geothermal heat pump, you can usually reduce electricity consumption for heating the house and water by up to 80%.
Lighting a fire on cold days is not only cozy, a modern wood-burning stove can both save energy and reduce the electricity bill. But do your research before you decide to buy a stove. There are lots of options, some of which are better at retaining more of the heat. Although every home has different conditions, there are often thousands of pounds to be saved every year by switching to a modern wood-burning stove, unlike traditional fireplaces that can lose up to 80% of the heat they generate, up the chimney.
Do you need help financing all or parts of your energy renovation? Then a renovation loan can help.