Posted:7th March, 2023

New Report: New build homes save buyers £3,100 on energy bills

New research from the Home Builders Federation has found that new build homes save buyers an average of £3,100 a year on their energy bills.

New build homes like these at Russell Homes Stubley Meadows in Littleborough save £3,100 on bills
New build homes like these at Russell Homes’ Stubley Meadows development in Littleborough, Rochdale can help buyers save £3,100 on bills

The new build home savings figure has shot up in recent months due to the unprecedented increase in fuel costs.

The hike in gas and electricity has widened the gap between old and new build homes in terms of their energy efficiency with new offering savings of £3,100, a massive 63% less than older homes.

New build homes (specifically those built after 2012) have had to meet ever increasing sustainability standards, and have long offered buyers the benefit of lower bills when compared to an older property. Our new build homes in the Manchester area combine beautiful homes with eco-conscious living which brings the bills down.

The HBF’s previous report showed an average saving of over £400 a year per household.

HBF March 2022: “On average, new build purchasers save £395 a year on heating bills, £28 on hot water and £12 on lighting. The yearly household bill for owners of older properties in its study was £890, almost twice the annual bill compared to a new homeowner of £455.”

But new figures released this week show energy bills have risen an average of 80%, and highlights the significant difference between new build homes and older properties leading to the new calculation of approximately £3,100 saving per household.

Watt A Save Feb 2023 Bills

* Image courtesy of the Home Builders Federation: Watt A Save Report

The organisation is also predicting this figure will rise yet further with more energy price increases expected in 2023.

The benefits of new build homes go even further when considering the environmental impact on reducing carbon emissions as well as the financial savings.

The HBF report found new build homes emit an average 1.4 tonnes of carbon over the year, whilst the average existing dwelling emits 3.7 tonnes.

Watt A Save Feb 2023 Energy Use

* Image courtesy of the Home Builders Federation: Watt A Save Report

The UK has one of the oldest and least energy efficient housing stocks in the whole of Europe with 70% of homes built before 1980, and a huge proportion being more than 100 years old. These older properties, on average, generate three times more carbon than their new build equivalent.

New build homes are built with better insulation and airtightness meaning they lose heat less easily and are therefore cheaper to warm up and then keep warm.

Much of this comes down to higher standards and modern construction methods and materials used in new build homes.

Since 2007, all homes are given an EPC rating. The stark contrast between 84% of new build homes registered this year being A or B rated, and only 4% of older properties reaching that same standard, can’t be ignored.

And while retrofitting can help older homes improve their rating, it is often costly to achieve.

With all Russell Homes new build homes at Stubley Meadows in Littleborough and at Brook View in Wincham being built to EPC rating B, our buyers will be making the most of the energy savings offered by new build.

And at Brook View, with solar panels on the roof as standard, electricity bills will be even lower than the average. For more detail about the extra carbon reduction measures available at Brook View Wincham contact the Russell Homes sales team today: sales@russellhomes.co.uk

Russell Homes Brook View Sustainability Benefits New Build Homes

To view the full report from the Home Builders Federation see: Watt A Save.

On average, the new build properties in this dataset will cost £1,500.43 to run a year, just 42% of the cost of an average existing dwelling, which would be to £3,567.44 per year based on most recent energy prices.

— Home Builders Federation