NHS could save £1bn by making homes energy efficient: The NHS could save £1 billion if UK homes were energy efficient and the works could create 8,000 jobs, reduce carbon dioxide emissions, drive down energy bills.
The National Insulation Association (NIA) says in a new report, which suggests the launch of the Home Upgrade Grant Scheme should take place this year as part of the post-Covid stimulus package to accelerate the low carbon transition of the country and address fuel poverty.
Calling for a street-by-street approach the NIA wants to make homes more affordable to run – poorly insulated homes are more expensive to run, especially for those who are now home-schooling or working remotely.
A retrofit assessment followed by deep retrofit upgrades could offer a saving of £329 per year on their energy bills for low-income households and notes with impacts on mental and physical health and a contribution to excess winter deaths, poor performing homes could benefit from the scheme and save the NHS £63 million in the first year of the roll-out, suggests the study.
Grants should be used for a combination of improvements ranging from wall insulation to low carbon heating systems, the trade association also recommends .
The initial pilot is estimated to create £8.5 million less in air quality damage and £81.9 million from avoided carbon dioxide emissions, it says an improvement in energy efficiency could also lead to a remarkable reduction in energy demand and consequently, in carbon emissions.
The pilot scheme is estimated to create more than 470 new jobs in the first year, rising to 8,000 total jobs if the full £2.5 billion investment is delivered, by the NIA.
Chairman of the National Insulation Association, Derek Horrocks said: “The benefits that come from improving the quality of our homes are substantial on any level but particularly now as we come out of the crisis.
“Providing support to those in need must take priority, but incentivising the deep street-by-street retrofits that will be needed to achieve our climate targets will drive uptake in all homes below standard. If we are going to ‘build back better,’ it is now time to turn promises into action.”
NHS could save £1bn by making homes energy efficient