In the UK, where energy bills are a constant concern and environmental consciousness is on the rise, building sustainably is a no-brainer. It's something that can benefit both the environment and your finances. While the initial cost of sustainable materials might seem higher, the long-term financial gains are great. Joe Ragdale, Technical Director at Wetherby Building Systems, explains.
One of the biggest financial benefits of sustainable building comes from improved energy efficiency.
Sustainable buildings utilise appliances and systems like LED lighting, high-efficiency boilers, and water-saving fixtures. These technologies, while potentially costing more upfront, consume less energy, leading to significant reductions in your quarterly bills. According to the BRE (Building Research Establishment), well-designed sustainable homes can achieve a 60% reduction in energy use compared to traditionally built ones
Sustainable construction can design around natural beauty and nature to optimise natural light and ventilation. This reduces reliance on artificial lighting and heating systems, particularly relevant in the UK's milder climate.
Additionally, features like proper insulation and window sealing minimise heat loss, further lowering your energy usage.
Renewable energy
Many sustainable buildings explore renewable energy sources like solar panels. While the initial installation might be an investment, the generated energy offsets electricity from the grid, leading to long-term cost savings.
Government grants like the Boiler Upgrade Scheme can further incentivize the switch to renewable heating systems.
Reduced Water Usage
Sustainable buildings are equipped with water-saving fixtures, including low-flow toilets and showerheads. These technologies significantly reduce water consumption without compromising functionality saving you money whilst helping the environment. According to the UK Water Council, a low-flow toilet can save up to 25 litres per flush, translating to substantial water savings annually
Lower Maintenance Costs
Sustainable buildings are often constructed with high-quality, durable materials that require fewer maintenance visits and repairs. These materials may have a slightly higher initial cost, but the durability of the materials will lower future expenses.
Additionally, green buildings often incorporate features that improve indoor air quality, potentially leading to fewer health problems for occupants and reduced healthcare costs.
Increased Property Value
In today's buy/sell market, sustainability is a highly sought-after quality when in the construction process. Studies by organisations like the Royal Institution of Chartered Surveyors (RICS) have shown that green buildings tend to have higher property values and attract higher rents compared to conventional buildings.
The positive impact goes beyond immediate financial benefits. Sustainable buildings can reach higher asking prices and rental rates compared to traditional buildings.
A report by Business Green found that 82% of respondents reported their energy-efficient commercial properties had increased in value by 16-25% compared to less efficient buildings.
Similarly, 88% of respondents saw rental yields for properties with "green premia" rise by 16-25%.
Government Incentives and Grants
The government offer several incentives to encourage sustainable building practices. These incentives can include grants like the Green Homes Grant, tax breaks for energy-efficient renovations, and reduced VAT rates for certain sustainable materials.
These programs can help with the initial cost of green construction but also benefit you in the future, this is something they are actively trying to work on and this may mean in the future there may be even more grants to help the construction industry.
Steps into the future
While the financial benefits of sustainable building are great, the positives are far more than just saving money. Green buildings benefit the environment by reducing carbon emissions and resource consumption.
Sustainable building practices can be implemented on various scales, from new constructions to renovations. There are some strategies you can implement into your existing property to make it more sustainable.
You can start by conducting an Energy Performance Certificate (EPC) Assessment. An EPC assessment can identify areas where your existing building consumes excess energy and suggest cost-effective green improvements.
Or explore using recycled or locally sourced materials with a lower environmental impact this also can be a cost-reducing strategy.
When buying appliances try investing in energy-efficient appliances, lighting systems, and boiler upgrades. Consider government grant programs to make these upgrades more affordable.
Remember that building sustainably is an investment in the future and is not always cheap from the start but can be about future financial gain.
