In Part 1 of this blog series we looked at what energy efficiency improvements you could make to your home with £100. However, if you have a little more money to spend, the energy savings you could make are substantial.
So what could you do with £1000 to get the most for your money?
Well here you can start insulating your loft.
Loft insulation is a great place to start and you can even do it yourself, perhaps even getting a friend or neighbour to help out.
Loft insulation could reduce your energy bills by up to £215 a year depending on your home according to WHICH.
Insulation costs will vary depending on the size of your home but for a 3 bedroom semi-detached house with gas central heating, this will probably be well under the £1000 budget, probably costing in the region on £400 to be installed by a professional.
If you go from no insulation to the recommended amount of 270mm it will take 2 years for the insulation to pay for itself. Therefore it is very worthwhile for you to insulate your loft.
A DIY job will reap even better rewards, if done properly of course.
Loft insulation typically costs around £20 for a 100mm roll designed to cover 8.3m2.
If you bought all the materials yourself you could knock off all labour costs and for a 3 bedroom semi-detached house like the one described above, you could fit loft insulation for a total cost of around £150.
Click here for more information on loft insulation.
Cavity wall insulation
For cavity wall insulation I recommend that you get a professional in to do the job. It is significantly trickier compared to installing loft insulation.
Most homes built after 1919 have uninsulated cavity walls. Adding cavity wall insulation could save you up to £145 per year based upon a typical semi-detached house.
The cost of the job will depend on the size of your home but whether you live in a small flat or a large house you should be able to make back the installation costs in less than 5 years due to the savings you will make.
Cavity wall insulation is often under £1000 (although this depends on the size of your house!), so so usually within range of our budget.
Replacing your single glazed windows could also save you a substantial amount on your energy bills. By installing A rated double glazed windows, you could save between £95 and £115 per year on the heating bill of a typical home.
The cost of double glazing can be between £150 to £600 or more per window depending on the design and size. Therefore with a budget of £1000 it might be worth only replacing the windows of the rooms that you spend most time in.
If you don’t want to install double glazing or it is too costly you can still cut down on draughts. Read part 1 of this blog series to find out more.
How far can £1,000 go?
For a budget of £1000 therefore you could insulate your loft, cavity walls or implement some of, if not all of the recommendations I made in Part 1 of this blog series. Installing double glazed windows may mean that you will have to compromise on insulating your loft or your walls. However, if you have more than £1000 to spend then it’s worth investing in as many of these as you can. These changes will make your home feel much warmer and the total savings you could make are huge. With energy bills only predicted to rise further in the coming years, now is a good time to invest for the future if you are thinking of living in your current home for a long time.
In Part 3 of this blog series, we will look at the energy efficiency improvements you could make to your home with a budget of £5,000.
If you have a question about anything in the above blog, please ask it in the comments section below.