At least 18 million UK homes have an Energy Performance Certificate (EPC) rating of D or below, accounting for more than 55% of the housing stock.
That’s according to a new report by Rightmove, which highlights that the average energy bill for a three-bedroom house with an EPC rating of F is £4,431 per year, compared to £1,669 for a similar house with an EPC rating of C.
This represents a difference of £2,762 annually.
The study found that reducing energy bills is the primary motivator for homeowners to make green changes.
Additionally, 87% of renters and 83% of homeowners believe more action is needed to help people make their homes greener.
Rightmove has called on the next government to prioritise green home incentives to assist the millions of homes requiring improvements.
Tim Bannister, Rightmove’s property expert, said: “Many homeowners and landlords need urgent access to schemes that enable them to make these improvements, which could help with huge savings on energy bills.
“Each home requires different improvements and the upfront costs are a huge barrier to change.”
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