When it comes to determining which green tech offers the best return on investment, it is essential to consider the expertise of a local renewable energy installer. These professionals can guide you in making the right choices for your specific needs and maximize the benefits you can gain from eco-friendly products. Embracing green technology is not only an environmentally conscious decision but also a smart financial move that can save you money and future-proof your home.
The National Home Energy Survey revealed that 60% of individuals are inclined to adopt greener practices due to the rising energy costs across the country. However, the primary obstacle preventing many from embracing renewable technology is the financial aspect, with 69% of respondents highlighting cost as the most significant factor when evaluating low-carbon purchases.
Fortunately, there has never been a better time to invest in green tech, thanks to numerous products offering higher returns on investment and quicker break-even points. By working with a local renewable energy installer, you can explore a range of eco-friendly products that are worth investing in right now.
Let’s take a closer look at the top eco-friendly products, recommended by local renewable energy installers, that offer favourable returns on investment:
- Electric vehicle charger: An electric vehicle charger stands out as the green tech option with the best return on investment. It enables average drivers to save over £11,000 in 20 years. Investing in an electric vehicle charger proves especially beneficial if you already own an electric car. By charging at home instead of in public, you can save around £555 per year, with the potential for additional savings if your electricity tariff offers off-peak rates.
- Cavity wall insulation: Cavity wall insulation ensures quick returns on investment, with a break-even point of 2.5 years. For a three-bedroom house, the average cost for cavity wall insulation is £1,000, resulting in savings of £395 per year. It’s important to ensure proper installation to avoid potential complications that could incur additional costs.
- Spray foam insulation: Spray foam insulation offers excellent insulation capabilities, being 2.7 times more effective than fibreglass. It typically costs £4,075 for a three-bedroom house, with a break-even point of 7.5 years. Annual savings amount to £540, making it a worthwhile investment for improved energy efficiency.
- Air source heat pump: An air source heat pump, priced at £5,000 (taking advantage of the Boiler Upgrade Scheme), offers a return on investment of £1,700. It provides protection against rising gas prices and boasts a longer lifespan compared to traditional gas boilers.
- Roof and loft insulation: With a break-even point of just 1.4 years, roof and loft insulation present an excellent investment opportunity. For £480, you can insulate the roof and loft of a typical three-bedroom house, resulting in savings of £355 per year. This eco-friendly addition requires minimal maintenance and typically lasts up to 40 years.
- Solar panels: Solar panels allow you to generate your own energy and achieve significant cost savings. A three-bedroom house equipped with solar panels can cut electricity bills in half, saving an average of £450 per year. Additionally, by selling excess energy to the grid, you can earn an extra £159 annually. Over a 25-year lifespan, solar panels offer a total return on investment of £7,350.
- Internal solid wall insulation: For homes with solid walls, internal solid wall insulation proves worthwhile. Although it requires a higher investment of £8,500, the return on investment after 20 years is £2,300. With average annual savings of £540, this insulation option significantly improves energy efficiency and comfort within your home.
- Infrared panels: Offered by a local renewable energy installer, are a promising technology for heating your home. Priced at £7,800 for a three-bedroom house, these panels have a total return on investment of £2,088 after 20 years, with a break-even point of 15.8 years.
- External solid wall insulation: Provided by a local renewable energy installer, may initially seem like an unconventional addition to the list due to the negative financial outcome after 20 years. However, with a lifespan of 30 years, external solid wall insulation can still result in an overall profit of £4,200 on a £12,000 investment.
Which green tech has the best break-even point?
When considering the green technologies with the best break-even point, roof and loft insulation takes the lead, requiring only 1.4 years to reach the break-even point. With a lifespan of up to 40 years and minimal maintenance requirements, investing in roof and loft insulation through a local renewable energy installer is highly recommended.
By making a relatively small investment now, you can enjoy the rewards for decades to come, ultimately saving a significant total of £14,200 by the end of your roof and loft insulation’s lifespan. These savings highlight the long-term financial and environmental benefits of investing in energy-efficient solutions.
Do you have questions for us? Perhaps you’d like a recommendation on the best renewable energy solution for you? Or more information about our installation process? Whatever your query, our friendly team can help. Click here to get in touch.