How to save money on your home energy bill

As energy bills soar, everyone is feeling the pinch, which is why we’ve outlined some tips to help you reduce costs.

If you’re a landlord, these tips can help you transfer lower energy bill costs to tenants, which could make all the difference to help them save money too.

Here the household insurance experts at Adrian Flux provide six ways to save on energy bills this winter.

Most of these measures will have upfront costs, but they will pay for themselves in terms of savings pretty quickly, and in some cases you may even qualify for a grant to help get the work done.

Photo by Erik Mclean on Pexels.

Contents

1. Improve the property’s insulation

There are several great ways to insulate your home and keep the warm air in and the cool air out. You can get:

Double glazing. This has the added bonus of helping to reduce the sound of traffic and other noises you can hear from outside.
Draught insulation. This will help reduce damp and condensation.
Cavity wall insulation. This may be required if your home was built after the 1920s.
Solid wall insulation. This may be required if your home was built before the 1920s.
Loft insulation. This is a DIY job you can probably manage yourself.

You may be able to claim a grant for insulation by asking your energy supplier about the Energy Company Obligation (ECO) scheme. Read our blog to find out which home improvement grants are available for landlords.

2. Upgrade to enenergy efficient boiler

Depending on how old your boiler is, it might be a good time to upgrade to a new, more energy efficient, one. A new boiler can be expensive, but could also save you hundreds of pounds each year.

3. Fit solar panels to generate your own energy

Installing solar panels can be expensive, but they will lower your energy bills. If you create more energy than you need, you can even sell the excess back to energy companies.

Read our blog to find out how much money you can save by fitting solar panels.

Photo by Vivint Solar on Unsplash.

4. Get a smart thermostat

A smart thermostat can help you use your energy more efficiently. It will analyse how and when you use energy, and learn the best way to heat your home while using the least amount of energy possible.

5. Consider an ground source heat pump

Ground source heat pumps are a great way to create your own energy and could save you money in the long-run.

The ground source pumps are buried in the garden and will absorb heat from the ground, turning it into energy. Of course, your property will need a garden for this to be applicable.

6. Install energy-saving lighting

One of the easiest ways to save money is to replace old light bulbs with energy-efficient ones. Each incandescent bulb you change could save you approximately £7 a year, which quickly adds up if you switch them all.

Photo by Nothing Ahead on Pexels.

Bespoke insurance deals from the experts at Adrian Flux

Whether you need landlord insurance for one rental property of an entire portfolio, Adrian Flux will have a bespoke insurance package to match your needs. Call 0808 588 1663 for a fast no-hassle quote – 81.5% of all customers receiving an online quote in August 2022 could have obtained a cheaper quote over the phone.