Majority support cheaper mortgages for green homes

More than three fifths of individuals in the UK believe that mortgages should be cheaper for those who carry out ecological renovations.

However, research by Vattenfall, a of The largest producers and retailers in Europe of electricity and heat, also revealed the level of confusion between households on what these upgrades should be: less than one in four people say they’ll know what type of heating system they would need if gas boilers were to be replaced by low carbon alternatives, for Example.

The survey examined attitudes and knowledge regarding energy and heating in UK. Discoveries are coming of the UK The government’s strategy on heating and buildings, which should present a plan for emission-free housing.

Research has shown that the majority of UK adults would prefer to live in a home that does not produce carbon emissions (62%), but many are unsure how they will finance the upgrade. Less than a quarter of people (23 percent) were confident that they would be able to reduce the cost of installing a low-carbon heating system in their homes.

People are divided on whether it should be harder to get a mortgage for houses more polluting, with a third of respondents all agreed and disagreed (32 percent each) when asked about this.

There is a range of technologies that can be used to decarbonise the heating of our houses, including installation of heat pumps, connection houses to urban heating networks in urban areas, and possibly using hydrogen as a replacement for natural gas.

Up to 37 percent of UK carbon emissions come from heating. With around 24 million homes and businesses still using fossil fuels for warming, the government has been warned by its Climate Change Committee advisers that there must be a plan to phase out fossil fuel heating in order to achieve the goal. of net zero by 2050.

Vattenfall believes that the forThe upcoming strategy for heating and buildings must define which low carbon technologies should be installed in which parts of the country, so that the industry can do what is necessary to start the deployment. This should also take into account the development and improvement of the skills of UKsupply chain and workforce.

Mike Reynolds, Managing Director of Vattenfall Heat UK said: “Our research shows that although people want to live in houses, most don’t know what to do to convert their properties or how they would pay for he.

He added: “The enormous cost of insulating houses and removing emissions from heating means we can’t expect billpayers to rack up money for all. We need a plan outlining what upgrades need to be done where, and new ideas, such as affordable and simple solutions mortgages for owners, or incentives for owners of commercial buildings to go green – to get the money to pay for all of this.”

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