New Build Homes: Saving You Big on Energy Bills!

Key Takeaways

• Buyers of new build houses can cut energy bills by up to £184 a month on energy bills. That’s an annual saving of £2,200
• 85% of new build homes have an A or B EPC rating, while less than 5% of older properties reached the same energy efficiency standard
• New build homes emit 61% less carbon a year

It’s unsurprising that improving the energy efficiency of our homes and reducing bills has become a priority for many homeowners and first-time buyers.

But what are the benefits of buying a new build home based on the recent report by the HBF? Let’s take a closer look…

How much can you save on your energy bills with a new-build home? 

In a recent report released by The Home Builders Federation (HBF), the latest data underscores the substantial energy bill savings that new homeowners can enjoy.

According to the most recent findings from January 2024, new build homes provide even greater energy efficiency than previously thought. New homeowners can now expect to reduce their monthly running costs by an average of £137, thanks to Ofgem’s updated price cap. This represents a 57% reduction in energy usage compared to older counterparts, translating to a significant £1,640 annual saving compared to equivalent older properties.

The calculations, based on Ofgem’s price cap and EPC registration data of new and existing properties, reveal that the average new build house utilises 66% less energy than older houses. Moreover, properties built from June 2023 onwards, complying with Part L regulations, are projected to see even more substantial savings, with an average saving of over £2,000 annually.

The energy efficiency of new build homes extends beyond mere cost savings. They emit 61% less carbon than older properties, amounting to a reduction of 2.16 tonnes of carbon emissions per property annually. For homes built from June 2023 onwards, the carbon emissions are further reduced, with a saving of over 2.5 tonnes per property each year.

The advantages of new build homes go beyond financial savings. They offer the opportunity for customisation and personalisation without the need for costly renovations. Additionally, they contribute positively to environmental conservation and support natural biodiversity.

Considering the substantial savings and environmental benefits, it’s no wonder that many homebuyers are opting for the advantages of new build homes. With properties built to the latest standards and regulations, along with government schemes such as Help to Buy, the path to owning an energy-efficient home has never been more accessible.

Unlock the incredible benefits of new build homes today and take a step towards a brighter, more sustainable future!