New homeowners face steep green costs
Buyers of new homes in the next four years may have to bear the brunt of the cost of green energy efficiency retrofitting measures. These could cost up to £20,000.
If the government’s targets of building 300,000 new homes a year are met, the extra costs will amount to more than £20bn for the whole of the UK.
The government recently set out its plans to embed carbon reduction requirements in the Building Regulations, but these will not come into effect until 2025.
Julie Hirigoyen, chief executive at the UK Green Building Council, said: “After a long wait, the government’s response to the future homes standard consultation brings much-needed clarity to our industry.
“We are pleased to see confirmation that the future homes standard will mean new homes will have carbon dioxide emissions 75%-80% lower than those built to current building regulations – though it’s regrettable that the standard won’t be implemented till 2025, despite it being widely trailed that it would be brought forward to 2023.”