Making UK homes more energy efficient is the most effective way to cut bills, said David Lindberg, boss of the bank’s retail arm
Natwest is stepping up pressure on Ministers to boost energy efficiency across Britain, alongside renewed calls for green homeowners to get their stamp duty back.
David Lindberg, boss of the bank’s retail arm, said making UK homes more energy efficient is the most effective way to cut bills.
The lender has met with Mayor of Greater Manchester Andy Burnham and Centrica boss Chris O’Shea to explore what more can be done to boost fuel efficiency at a local level.
This followed the Government’s much-anticipated energy strategy last week, which critics argued only offered mid to long-term solutions through investment in nuclear and offshore wind.
Lindberg said: Our homes account for 15 per cent of the UK’s carbon emissions and we believe that helping people to make their homes and businesses more energy efficient will be the most effective way to help them cut their energy bills, as well as their climate impact.
Cost is the main barrier to consumers making energy efficiency changes to their properties, so we are working with governments, local authorities and the Sustainable Homes and Building Coalition to make sure the right regulatory and financial frameworks are in place to hasten the deployment of energy efficiency measures this decade.
He highlighted three ways in which the Government could make a speedy impact.
He said: We believe that igniting a retrofitting revolution, reforming stamp duty to reward energy efficiency and reforming energy performance certificates will help to accelerate the change needed.
Those with greener homes can already get special deals on their mortgages in many cases.
Lots of major lenders now offer ‘green’ mortgages, which give perks to those buying homes that are more energy efficient.
The property will usually require an Energy Performance Certificate (EPC) rating of A or B to qualify.
The advantages of these loans can be anything from slightly lower rates, to higher borrowing limits, cashback or smaller fees.