How to boost your home’s value while saving the planet - Guest blog by Jay Mukhey, CEO and Founder of MEE
By Jay Mukhey, CEO and Founder of MEE (a pioneering climate fintech company)
One of the best investments you can make in life is buying your own home. This is true from both a financial perspective and a lifestyle one as we think about having somewhere to make your own, build your life and raise a family.
Smart investors who take this step usually think about what comes next: what other financial investments can they make that will give them a good return while improving their quality of life? Some people invest in home improvements such as extensions that provide more living space while increasing their home’s value. A new driveway can make it possible to park more cars and charge them overnight, again increasing the property’s worth.
However, there is now an even better investment opportunity that very few people are talking about – one that could add 6% on average to your home’s value, makes properties more attractive to buyers and qualifies for cheaper financing from mortgage providers, all while saving you money and helping our planet: renewable energy solutions.
Understanding renewable energy solutions
Solar photovoltaic (PV) panels and energy storage solutions (ESS) such as home batteries, air-source heat pumps (ASHPs) and electric vehicles (EVs) can dramatically reduce your spending on gas, electricity, petrol and diesel. These technologies not only cut your monthly bills but also improve your Energy Performance Certificate (EPC) rating, making you more likely to qualify for cheaper, green mortgages from UK banks.
If the solutions listed above are set up optimally and powered by the right utility provider (usually Octopus Energy) on the right tariffs, homeowners could reduce their monthly expenditure on energy and mobility by more than 70%! Imagine what you could do with all those savings every month, come rain or shine. Plus, you’ll also make your home resilient to power cuts by having your own mini power station right at home.
So, the real question is why aren’t more people investing in solar PV panels, batteries and EVs?
Many homeowners are interested in renewable energy and see a seismic shift in this space but have important questions. Below are some of those repeat questions we often get asked:
- How do these renewable energy solutions work, how much do they cost, how much will I save and when do I get my money back? An investment between £10,000 and £15,000 could significantly lower your monthly energy bills. The payback period is around 3.5 to five years.
- Ok now I know this and am happy to go ahead, what are the best products to buy, who is the best company to install it for me and do they need any certifications such as MCS to complete the job properly? MEE supplies products and works with Microgeneration Certification Scheme approved installers so you get the right solution.
- That all sounds great but how am I going to afford to buy this now so I can start saving? Additional mortgage borrowing on new or remortgage applications, alternatively the home improvement schemes available through many lenders.
MEE exists to provide you with not only the information to make these decisions but the certified businesses to install the best products that we source for you. In addition, we partner with the best finance providers like Trinity Financial to give you funding via affordable additional borrowing on your mortgage that usually costs less money to service than the savings you achieve ensuring zero upfront costs and ongoing savings from day one.
Sounds too good to be true, right? As someone who has installed solar PV, ESS and an ASHP at my home, I can personally attest to the benefits. My team and I are now on a mission to help others achieve the same financial advantages while contributing to a more sustainable future. It’s time for you to join the green revolution!
Take action today!
Register your interest on our platform to take your first step towards saving money and our planet. Together, we can create a more sustainable future while improving your financial outlook. https://mee.energy
*Source: Energy Economics, Returns to solar panels in the housing market: A meta learning approach https://sciencedirect.com/science/article/pii/S0140988324004766#t0020
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