A New Build Home Could Save £165 in Monthly Energy Bills
The average new build energy bill could be more than £130 a month cheaper, based on all property types. The savings rise to £165 a month when comparing houses specifically – totalling over £1,980 a year.
When comparing all property types, new build properties use an average of 60% less energy than older counterparts, cutting the average energy bill by more than £130 a month. This saving rises to £165 per month when comparing the energy performance of houses specifically, rather than flats or bungalows, totalling over £1,980 per year.
Energy efficiency is optimised across our homes by the very latest insulation standards, high quality glazing and future-proof features such as solar panels, low-carbon Air Source heat pumps and electric car charging points.
Calculations are based on Government EPC registration data of new and existing properties in the year to September 2024 and Ofgem’s October 2024 energy price cap.
Lower Carbon Emissions
The average new build home emits 1.22 tonnes of carbon per year, just 35% of that of the average older property, which emits an average of 3.51 tonnes per year.
Average energy use per m2
Critics of new build homes often suggest new properties are more energy efficient as they are smaller. EPC data evidences that this isn’t the case: new builds are not only bigger on average, but they also use less energy per m2.
Energy bill savings by property type
On average, new build homeowners could save more than £130 a month on their energy bills, amounting to £1,574 per year, compared with purchasers of older properties. This saving increases to £165 per month when comparing the energy performance of houses specifically, rather than flats or bungalows, totalling over £1,980 a year.
Prices are based on Ofgem’s price cap for October 2024, using Government’s EPC registrations data of new and existing properties in the year to 30 September 2024.
What makes new builds more energy efficient?
There are a number of factors that have an impact on the energy efficiency of a Mulgrave home, including the very latest insulation standards, high quality glazing and carefully considered floorplans that include strategically placed ventilation and air circulation.
To help cut energy bills and reduce carbon dioxide emissions without compromising on illumination and ambience, our properties are also fitted with low-energy lightbulbs.
Meanwhile, older homes face extensive and costly renovations to achieve an equivalent eco-benchmark, with the expense of cavity wall insulation upgrades alone averaging £8,000.
This is supported by research published by the Resolution Foundation, which outlines that a huge 4-in-10 homes across England (9 million homes in total) feature walls rated as “poor” or “very poor”. That’s in addition to 2-in-10 homes with inefficient roofs and 1-in-10 homes with poorly graded windows.
Our brand-new homes are built to meet a minimum EPC rating of band B, which can not only reduce gas guzzling utility bills, but can unlock lower mortgage interest rates and cashback incentives.
Our homes on the North Yorkshire Coast near Scarborough are additionally fitted with PV Solar Panels, which could make you as much as £642 per year according to Energy Saving Trust data. The best part? This doesn’t even include the savings you’ll see off your energy bill.
